Skip to Content Facebook Feature Image

China sees thriving inbound tourism during National Day holiday

China

China

China

China sees thriving inbound tourism during National Day holiday

2024-10-04 09:56 Last Updated At:17:27

China's inbound tourism has seen a continuously robust growth during the National Day holiday, buoyed by relaxed visa policies, including the 144-hour transit policy.

The week-long holiday started on Tuesday, setting the stage for a bustling inflow of international travelers.

During the period, the Silk Street, a famous shopping destination in the Chinese capital city of Beijing, is expected to see a more-than-50-percent increase in the number of international travelers year on year, especially those from European countries and the United States.

Its sales are expected to grow by 100 percent, with sales of creative gifts and silk clothing jumping remarkably.

Transportation hubs in Shenzhen, a city in south China's Guangdong Province, have witnessed a flurry of activity, as holidaymakers make their way through railway stations and airports.

"This year, the number of international travelers entering China through Shenzhen's airport for business negotiations, cultural exchanges, sightseeing, and relative visits has exceeded 360,000, a year-on-year increase of about 143 percent. Among them, the number of international travelers entering China under visa-free policies has surpassed 130,000, a growth of more than five times from the previous year," said Liang Rui, deputy head of the Border Inspection Division of the Shenzhen Airport Border Inspection Station.

China extended the visa-free policies to more countries on Monday, covering Portugal, Greece, Cyprus, and Slovenia.

Following the announcement, searches for China-related keywords by tourists from these four countries on the Ctrip overseas platform soared 60 percent month on month.

Since the beginning of this year, travel bookings by tourists from these four countries skyrocketed by 120 percent, 150 percent, 166 percent, and 182 percent, respectively, from the previous year.

Data from booking platforms showed that inbound travel bookings have outpaced that of outbound tourism during this holiday, surging by 60 percent year on year.

"During the National Day holiday this year, the growth of the number of international tourists traveling to China has exceeded 60 percent, far surpassing the growth of outbound tourists. Visitors from the United States, Russia, and Malaysia saw growth rates exceeding three times. The international tourists prefer immersive travel experiences, so, in general, they will stay more than seven days here," said Chen Linan, director of public affairs at Ctrip.

China sees thriving inbound tourism during National Day holiday

China sees thriving inbound tourism during National Day holiday

China sees thriving inbound tourism during National Day holiday

China sees thriving inbound tourism during National Day holiday

China sees thriving inbound tourism during National Day holiday

China sees thriving inbound tourism during National Day holiday

China sees thriving inbound tourism during National Day holiday

China sees thriving inbound tourism during National Day holiday

Next Article

ECB cuts interest rates by 25 basis points

2025-03-07 03:04 Last Updated At:03:17

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points

ECB cuts interest rates by 25 basis points

Recommended Articles