Spring Festival Travel Rush Boosts Economy and Market Trends

The Spring Festival holiday in China has fueled a surge in consumer spending, leading to a boost in the economy and shaping market trends. With 2.3 billion trips taken during the holiday period, including train journeys, road trips, water routes, and flights, the travel industry has seen a significant increase in activity. Additionally, outbound travel bookings have surpassed previous figures, with Southeast Asian countries emerging as popular destinations, thanks to visa-free policies for Chinese nationals. The holiday period has provided an opportunity for people to explore new places, contributing to the growth of the tourism industry.