China showed first signs of economic improvement during the Labor Holiday, but it still has a long way to go.
Although lower than usual, the Chinese tourism managed to recover some ground. Still, it is 59.58% lower than in the same period last year.
The tourism sector showed definite signs of recovery over the holidays, with 115 million domestic tourist trips. According to the Ministry of Culture and Tourism, this brought a total revenue of $6.79 billion. Last year the country had 195 million visits over a shorter period from May 1 to May 4.
The number of tourists traveling by car increased by 60% this year, while the car rental reservations went up 10% compared to last year. The number of people who traveled outside their cities rose as well by almost 50%.
According to Trip.com, reservations were made by people born in 1990 or later. Moreover, on April 29, the number of bookings increased by 130% compared to the ones made between April 24- April 29.
Shanghai, Chengdu, and Sanya were the three most popular destinations this year. The Forbidden City's Palace Museum reopened on May 1 after it closed in late January. For the first week of May, it had approximately 5,000 visitors daily.
Chinese HongKong45 added 0.66% Monday after the holiday ended.
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Sources: cnbc.com, channelnewsasia.com
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