China's Domestic Tourist Spending Set To Surpass Pre-Pandemic Levels, Nearing One Trillion US Dollars For The Year
[For Hong Kong Investors Only] According to Bloomberg, Chinese tourists' economic contribution from domestic travel in 2024 is expected to reach a record-breaking 6.79 trillion Chinese yuan (938 billion US dollars), representing an 11% increase compared to 2019 and surpassing pre-pandemic levels for the first time. Due to the relatively high costs of international flights, an increasing number of consumers choose domestic cities as their travel destinations, and the tourism-related industries will continue to benefit.
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* Source: Mirae Asset, May 31, 2024.
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Modify on 2024-06-04 16:00
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