Economy · World
China's Golden Week Sees Tourism Boom but Lower Per-Trip Spending
Despite a tourism boom during China's National Day 'golden week' holiday, hotel room rates across mainland China and average spending per domestic trip fell short of expectations. Hotel tariffs remained largely unchanged, and average spending per trip decreased by 1.9 percent to 893.92 yuan (US$133.51), the lowest since 2022. Company officials and analysts have called for improved asset and revenue management to address pricing pressure.
How outlets across the spectrum covered it
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- Centre (2): Channel News Asia, South China Morning Post