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Economy

China's Golden Week spending falls short of pre-COVID level

More trips recorded than in 2019, but lower prices crimp revenue

Tourists stroll the Bund in Shanghai on Monday. (Photo by CK Tan)

SHANGHAI -- Tourism revenue during China's five-day Golden Week holiday recovered from last year's COVID-induced slump, but failed to return to the level in 2019.

Tourists spent 113.23 billion yuan ($17.5 billion) during the break that ended Wednesday, according to the Ministry of Culture and Tourism -- higher than last year's 47.6 billion yuan but lower than 2019's 117.7 billion yuan.

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