Cost-conscious Chinese tourists look to affordable options
Chinese tourists are expected to take longer trips during Golden Week starting Tuesday, but it may not boost spending, experts say
With the economy slowing and consumer confidence near historic lows, many travelers are expected to choose more affordable domestic or short-haul overseas destinations during the week-long National Day holiday, taking advantage of lower airfares.
Key takeaways
- The holiday traditionally sees a spike in Chinese travel, especially overseas due to the extended break;
- This year, the government is forecasting a modest 0.7% year-on-year increase in travel handled by the nation's transportation sector;
- Domestic airfares are expected to be 21% lower than last year, with international economy class tickets 25% cheaper than in 2023 and 7% lower than in 2019;
- Popular international destinations are predicted to be nearby Asian hubs such as Japan, South Korea, Thailand and Singapore.
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