China Golden Week spending per trip hits four-year low as overseas travel jumps

· Economy · China

China's Golden Week spending per trip hit a four-year low, with consumers instead opting for more overseas travel to take advantage of a longer travel period around the holiday. The data suggests continued caution in domestic consumption even as Chinese tourists spend abroad. The shift matters for global tourism and for China's efforts to boost domestic demand amid sluggish growth.

Why it matters：Weak holiday spending signals soft Chinese domestic demand, with implications for global tourism and trade.

Key points

  • Spending per trip hit a four-year low during Golden Week.
  • Consumers opted for more overseas travel.
  • A longer holiday period encouraged outbound trips.

Sources (original reporting)

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