China Golden Week travel spending hits four-year low
Chinese tourist spending per trip fell to a four-year low during the Golden Week holiday as travelers favored overseas trips. Domestic movie ticket sales also hit a 12-year low, raising concerns about consumer confidence.
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China travellers' average spending per domestic trip fell 1.9% to 893.92 yuan ($133.51) during the seven-day Golden Week holiday, hitting a four-year low. The drop dashed hopes that strong holiday demand would spur a broader recovery in consumer spending. Sluggish domestic sentiment highlights ongoing economic pressures as consumers opt for outbound travel.
