Heyang, Xingyu, and Josh Cotterill reflect on the renewal and resolute spirit of 2023. They discuss transportation infrastructure, travel trends in China, memorable experiences in Yunnan and hometown, health, family, the thriving music scene, and economic revival and recovery.
Read more
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Domestic tourism in China experienced a remarkable resurgence in 2023, with holidays like the spring festival, Mayday, and National Day exceeding pre-pandemic levels in terms of passenger trips and revenue, injecting vitality into holiday consumption.
China's outbound travel market has started to recover after a two-year standstill, with overseas destinations receiving 40 million visitors from the Chinese mainland in the first half of 2023, and the upcoming spring festival holiday in 2024 already seeing a surge in flight ticket searches for both domestic and international destinations.
Deep dives
Resurgence in Domestic Tourism
This year saw a remarkable resurgence in domestic tourism in China, with the week-long spring festival holiday experiencing passenger trips and tourism revenue recovering to 88% and 73% respectively of pre-pandemic levels. Other holidays like the Mayday holiday and the Mid-Autumn Festival and National Day holiday also exceeded pre-pandemic levels in terms of passenger trips and revenue. The booming tourism industry drove high demand for flights, train tickets, hotel rooms, and catering, injecting vitality into holiday consumption.
Recovery and Growth in Outbound Tourism
After a two-year standstill, China's outbound travel market has started to recover, with overseas destinations receiving 40 million visitors from the Chinese mainland in the first half of 2023. Inbound tourism orders also increased by 125% compared to the same period last year. The upcoming spring festival holiday in 2024 has already seen a surge in flight ticket searches, with popular destinations including San Yia in Hainan province, Dali in Yunnan province, and Beihai in the Guangxi Zhong autonomous region. Chinese tourists are also eager to travel overseas, with destinations like Australia, Spain, and Switzerland being searched for.
Revival of Live Performance Industry and Retail Consumption Sector
The live performance industry experienced a much-needed revival, with commercial performances, concerts, music festivals, and theaters increasing by 278% compared to the previous year. Large-scale concerts and music festivals attracted a total audience of 11 million people in the first three quarters of the year. The retail consumption sector also showed resilience, with retail sales reaching 38 trillion yuan in the first 10 months of 2023, contributing to 83.2% of economic expansion and accounting for 4.4 percentage points of GDP growth in China.
We dive into the unforgettable moments of 2023 with Round Table's Year in Review special - as we reflect on the remarkable renewal and the resolute spirit that propelled life forward. On the show: Heyang, Xingyu & Josh Cotterill
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode