UAE "Middle East Economy" ** December 27 article, original title: With the New Year's Day approaching, China's tourism industry is growing rapidly With the New Year's Day approaching, China's economy continues to maintain an accelerated recovery. Among them, China's tourism industry has played an important role. In addition, new growth drivers are emerging that will continue to drive the current recovery momentum into 2024.
The former site of Hefeng Spinning Mill.
According to China**'s summary of data from major travel platforms, both domestic and outbound tourism in China are achieving a full recovery. According to a recent report released by Ctrip, as of December 15, the overall domestic travel orders in China during the 2024 New Year's Day holiday increased by more than three times year-on-year. In addition, the data also shows that hotel bookings increased by more than 5 times year-on-year, and air ticket bookings also increased by 205% year-on-year.
Throughout this year, China's tourism industry has shown a significant recovery trend, especially driven by the acceleration of the integration of "culture, sports and tourism". Some experts said that new forms of business in the tourism consumption market continue to emerge, which are welcomed by consumers and are expected to further promote China's economic recovery.
Data released by China's National Bureau of Statistics showed that the country's service sector grew rapidly in November. The national service industry production index increased by 9 percent year-on-year in the month3%, 1 faster than the previous month6 percentage points. In the first three quarters of this year, China's total retail sales of consumer goods reached 342 trillion yuan, a year-on-year increase of 68%。
In addition, data from China's National Bureau of Statistics showed that in the first three quarters of this year, final consumption expenditure contributed 83 percent to China's economic growth2%, driving GDP growth by 44 percentage points. In the third quarter of this year, final consumption expenditure contributed 94 percent to China's economic growth8%。
In addition to the rapid growth of domestic tourism and consumption, China has also introduced specific measures to promote cross-border travel this year. China has improved its entry and exit procedures and unilaterally expanded the scope of visa-free countries.
At the same time, Chinese tourists have become an important source of tourists for many international tourist destinations. As China continues to deepen its opening-up policy, China's domestic and cross-border tourism industry will become an important force in promoting the recovery of international tourism. (Translated by Wang Huicong).