• China New Year Travel Spending Beat Pre-COVID Levels   

Excerpt from Reuters

The massive crowds in Shanghai Railway Station ahead of this year’s holiday speak to what Chinese officials said on Sunday ended UP being a surge in travel spending over the Lunar New Year to levels even higher than before COVID.

It’s likely a welcome sign for Beijing as the Chinese economy loses steam.

The holiday is the busiest yearly travel migration in the world and by the end of the eight-day span on Saturday, 474 million tourist trips were made, up 34% from the same time a year ago.

Chinese officials say not only was tourism spending up by around 50% over 2023,

It was up 7% over this time in 2019, before the pandemic.

Revenue per trip though, has remained below pre-COVID levels.

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