Consumers spend millions on luxury goods in Hainan
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Walking along streets in Wuhan (Hubei province), on October 3, 2021 saw people wearing masks. This was because the highest temperature recorded at 98.6 F.
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BEIJING — Chinese consumers opened their wallets to shop during the week-long National Day holiday that ended Thursday, even as travel numbers fell compared to the previous year.
Nine duty-free shops were sold in Hainan, the southern province. nearly 1.64 billion yuan ($252.3 million) from Oct. 1 to 6, according to state mediaThe following is the conclusion: That marked an increase of 75% from the same period in 2020, and more than four times more — or a 359% jump — compared to the same period in 2019, the report said.
Hainan is a favorite destination for Chinese buyers who once traveled overseas to purchase luxury goods before the pandemic.
The pandemic was still in the news during China’s National Day, or also called China’s “Golden Week”. Because it’s one of the two longer holidays that workers get in this country, it has always been very popular to travel.
However, Beijing’s “zero-tolerance” policy for controlling the pandemic means that stringent contact-tracing and lockdown measures can restrict travel at a moment’s notice — as they reportedly did this week for tourists in Xinjiang.Some schools in Beijing dissuaded students from traveling to the capital for holidays, according to anecdote.
The 389.1 Billion Yuan Tourism Spending from October 1 through 7 only 60% of the amount in 2019, and 4.7% less than in the same time period in 2020 according to China’s Ministry of Culture and Tourism.
Tourist trips reached 515 million during the week-long holiday this year — about 70% of 2019 levels and down 1.5% from 2020, the ministry.
Chinese travel booking site Trip.com said Beijing surpassed Shanghai as the most popular destination,Thanks to newly opened Universal Studios resortThe capital is just outside the city.
Trip.com reported that nationwide bookings of car rentals for holiday in 2019 rose by 43%, compared to the previous holiday season. According to Trip.com, the average price of an airplane ticket for one way rose by 7% to 821 Yuan from last year.
Disclosure: NBCUniversal, the parent company to Universal Studios and CNBC is NBCUniversal.
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