China Sees Significant Boost in Spending for Golden Week Travel, Nearing Pre-Pandemic Levels

Benzinga

Outbound travel from China is seeing a significant boost ahead of Golden Week, with overseas trips rising sharply, driven by lower airfares and higher demand. Data shows popular destinations include Japan, Hong Kong, South Korea, and Southeast Asia. There was strong growth in bookings for long-haul destinations like Europe and South America. According to Goldman Sachs, outbound travel will grow over 60% year-over-year, nearing pre-pandemic levels. Spending is up nearly 6% compared to last year.

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00:00It's Benzinga, and here's what's on the block.

00:03Outbound travel from China is seeing a significant boost ahead of Golden Week, with overseas

00:07trips rising sharply, driven by lower airfares and higher demand.

00:11Data shows popular destinations include Japan, Hong Kong, South Korea, and Southeast Asia.

00:17There was strong growth in bookings for long-haul destinations like Europe and South America.

00:22According to Goldman Sachs, outbound travel will grow 60 percent year-over-year, nearing

00:26pre-pandemic levels.

00:28Booking is up nearly 6 percent compared to last year.

00:31For all things money, visit Benzinga.com.

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