China’s ‘golden week’ travel spending down 40 per cent from pre-pandemic level, and worse than last year’s

//China’s ‘golden week’ travel spending down 40 per cent from pre-pandemic level, and worse than last year’s

China’s ‘golden week’ travel spending down 40 per cent from pre-pandemic level, and worse than last year’s

Travel and holiday spending during China’s just-ended “golden week” national holiday fell against prior years, not just due to travel restrictions triggered by recent coronavirus outbreaks, but because of what industry insiders say is a dwindling desire among consumers to open their wallets amid falling incomes and depreciating property values.While pandemic outbreaks – and their psychological impact on consumers who fear getting sick – appeared to be the driving force behind the fall in…

Article by [author-name] (c) China - South China Morning Post - Read full story here.

By | 2021-10-08T12:15:21+00:00 October 8th, 2021|Headlines|Comments Off on China’s ‘golden week’ travel spending down 40 per cent from pre-pandemic level, and worse than last year’s