The estimated transactions of China's online travel market in the first quarter of 2020 were 186.2 billion yuan, down 55.8% quarter on quarter.
Affected by the tourism off-season, the transaction scale of China's online tourism market in Q4 2019 was 421.37 billion yuan, down 22.0% month on month, which was more significant than that in Q4 2018.
The downward pressure of macro-economy is increasing, and the residents' willingness to dominate income will shrink, and tourism consumption as a type of entertainment and leisure will be affected to a certain extent.
Due to the novel coronavirus outbreak in late January 2020, the tourism market was greatly affected in late January 2020.
In Q1 2020, China's online air ticket market showed a significant downward trend, down 66.4% QoQ, accounting for only 34.7% of the same period last year.
China tourism income down 60% during Labor Day holiday 2020...
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