© Reuters Travelers arrive in Beijing, China on September 2, 2021, ahead of China’s upcoming Golden Week holiday. Reuters / Thomas Peter
Written by Sophie U and Brenda Goh
BEIJING (Reuters) – China’s Golden Week holiday is less likely to return to domestic travel this year than Kovid-East, citing industry estimates, uncertainty in epidemic control and consumer concerns about the health of the economy.
The seven-day holiday tradition from October 1 to the founding of modern China is traditionally seen as one of the busiest times of travel and as the barometer of consumer demand in the world’s second largest economy.
Chinese travel booking site LY.com says it expects about 505 million trips, about 0% of the number made for the same period in 2019 and the lowest level since 201 since. This is slightly more than the 37 million trips made last year. When the holiday was eight days.
“The effects of Covid-1 of are large and long-lasting,” said Zhang Kidi, a visiting researcher at the Center for International Financial Studies at Beijing’s Central University of Finance and Economics.
“Citizens have been hit hard by their home and car loans, which have led to a decline in disposable income.”
Although China’s economy has recovered from last year’s coronavirus-led recession, the pace of that recovery has slowed in recent months কারণে due to COVID-19 controls imposed in several provinces and recent power shortages.
Cheap short trips are common for those who are traveling.
According to Chinese lifestyle site Little Red Book, online searches for “special travel destinations” have increased over the holidays, and domestic online travel agency Trip.com Group said last week that more than half of tourists using its platform would prefer short-distance travel.
“Going to the fifth tier city is the new choice for the long vacation,” Trip.com said in a report referring to a less developed and rural area of the country.
China’s Ministry of Commerce says it will step up efforts to increase consumer spending this month. According to state media, at least 20 local governments have handed out coupons that can be used in shopping malls, convenience stores and restaurants to encourage spending from the mid-autumn festival to the Golden Week in late September.
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