Government estimates show that domestic tourism spending reached 632.7 billion yuan (£69.7 billion), or 47% more than over the same vacation period last year.
After years of pandemic lockdowns and restrictions, which were released in early 2023, the festivities took place.
Due to the holiday being one day longer than usual, the data was also increased.
During the eight-day break that concluded on Sunday, 474 million domestic journeys were made, according to data for the beginning of the Year of the Dragon. That was 19% above pre-pandemic levels in 2019 and more than 34% above last year’s levels.
According to official estimates, the average amount spent on each voyage was less than 9.5% less than in 2019 (despite the government not providing a breakdown of the data).
Apparently, “consumption downgrading is still widely seen,” US investment banking giant Goldman Sachs analysts wrote in a report.
The world’s largest annual migration occurs over the festival, which is known in China as the Spring Festival.
Every year, hundreds of millions of Chinese people travel back to their hometowns to see relatives or take in the sights of the nation.
Major events were canceled, and travel was prohibited during the pandemic.
