China records more visits, spending on National Day holiday

Image
Press Trust of India Beijing
Last Updated : Oct 03 2016 | 11:32 AM IST
China saw a marked increase in the number of domestic tourist visits and spending as 104 million people travelled during the week-long National Day holiday, raking up USD 12.7 billion.
Altogether 104 million people visited tourist attractions around the country yesterday, the second day of the holiday week, also known as the "Golden Week", up 12.5 per cent year on year, data released by China National Tourism Administration (CNTA) said.
Nationwide tourist spending rose 16.1 per cent year on year to 84.5 billion yuan (USD 12.7 billion) yesterday alone, state-run Xinhua news agency quoted the CNTA as saying.
The tourism surge followed a record high in railway travels on Saturday, the first day of the holiday.
Railways carried 14.4 million passengers on Saturday, up 15 per cent year on year, according to China Railway Corporation.
China is expected to rake up 478 billion yuan (about USD 80 billion) of tourism income during the holiday week, a 13.5 per cent increase year on year, according to a survey by China Tourism Academy and Ctrip, an online travel agent.
Grappling with dwindling exports resulting in economic slowdown, China is reorienting its economy shifting the focus away from export dependent economy to the one relying more on domestic spending.
National Day holidays are the second biggest to be followed by Chinese New Year in February during which millions of people travel in and outside China spending seizable amounts.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 03 2016 | 11:32 AM IST

Next Story