WNA Globe

World News by Wild Rose

#travel boom ร—

Chinaโ€™s consumption has a new, fast-growing driver: local tourists

In the first half of this year, leisure travel within China exploded. As the summer travel season builds towards the Mid-Autumn Festival and the โ€œgolden weekโ€ that follows National Day on October 1, domestic travel has emerged as one of Chinaโ€™s most important, if underappreciated, drivers of consumption and growth. During the extended Chinese New Year holiday, travel and consumer spending boomed. Domestic trips jumped to 596 million and spending surpassed 803 billion yuan (US$118.13 billion),...