Chinese went on 726 million domestic person-trips and 7 million outbound trips in the Golden Week holiday of 2018 (1-7 Oct). They altogether spent 650 billion yuan (US$93.65 bn) on traveling. Both the average daily sales of retail, food & beverage, and the domestic person-trips dropped.
Travelers spent less on outbound travels. Only 19% of outbound travelers were younger than 30 years old. 74.35% of outbound travelers from first-tier cities. The international flights dropped by 5% year-on-year.
Chinese outbound tourists went on 71.31 million person-trips in H1 2018, an increase of 15% year-on-year. This figure exceeded 100 million in 2014 for the first time and was estimated to reach 160 million by 2020.
Serbia was increasingly gaining popularity among Chinese in H1 2018 with passenger flow growing at 350% over the previous year. Laos, Belgium, Vietnam, Sweden, Turkey, Russia, Myanmar, Cambodia, and Finland were also rising at a fast rate.
Chinese spent 1.69 t...
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