CHINA'S LUNAR NEW YEAR TRAVEL RUSH SETS RECORD AT 9 BILLION DOMESTIC TRIPS
China notched a record 9.02 billion domestic trips during the 40-day Lunar New Year travel rush, surpassing the 8.4 billion trips taken in the same holiday period a year earlier. The travel rush is often read as a barometer for the country's economic health and a pressure test for its vast transportation system. The rise in travel was in line with expectations.
- This record-breaking figure highlights China's massive domestic tourism industry, which has been driving growth in the economy despite global challenges.
- How will the increased mobility of Chinese citizens impact the demand for domestic services, such as accommodations and food, in the coming years?