China’s travel spending during Lunar New Year holidays beats pre-COVID levels By Reuters ...Middle East

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© Reuters. Travellers walk with their luggage outside the Beijing railway station during the Spring Festival travel rush following the eight-day Lunar New Year holiday, in Beijing, China February 18, 2024. REUTERS/Florence Lo BEIJING (Reuters) – Tourism revenues in China during the eight-day Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year thanks to a domestic travel boom, surpassing pre-COVID 2019 levels, official data showed on Sunday. The data may offer temporary relief to policymakers as the world’s second-largest economy has been facing deflationary risks amid weak consumer demand, but the sustainability of the tourism boost remains uncertain. During th

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China’s travel spending during Lunar New Year holidays beats pre-COVID levels By Reuters ...Middle East

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