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HomeNews637 million people traveled during the National Day, with a total income of 466.56 billion

637 million people traveled during the National Day, with a total income of 466.56 billion

2020-10-09
637 million people traveled and the total income was 466.56 billion! The eight-day National Day holiday injects a boost from the domestic tourism industry that has recovered from the epidemic.

Under the normal situation of epidemic prevention and control, the efforts of local travel and short-distance travel have made hotels, especially hotels around cities and suburbs, beneficiaries.

At the 2020 China New Economic Trends Forum and Huazhu World Conference held recently, Ji Qi, the founder of Huazhu Group, believes that the future is a super era of the rise of China's consumer service industry, and hotel investment will usher in real opportunities. "Why do we encourage investment in hotels? Consumption is the most important growth point of China's economy in the next 5-10 years or even 20 years. If we are in this industry, we should seize this opportunity."

Previously, the "China Domestic Tourism Development Report 2020" issued by the China Tourism Research Institute showed that tourists' willingness to travel in the third quarter reached 80.2%, which was 90% higher than the same period last year.

According to sales data from a high-end resort hotel in Jizhou District, Tianjin, after the business quickly recovered in July to over 70% in the same period last year, the business in August has exceeded the same period last year.

Consumer travel demand has made hotel groups move by the wind: Recently, hotel groups including InterContinental, BTG Homeinns, China Lodging have announced the opening of their respective high-end, mid-range and boutique hotels.

According to the latest data, according to the calculations of the China Tourism Research Institute, during the eight-day long holiday, the country received 637 million domestic tourists, a 79.0% year-on-year recovery; domestic tourism revenue was 466.56 billion yuan, a 69.9% year-on-year recovery on a comparable basis. According to the monitoring of the Ministry of Commerce, during the National Day holiday, consumer demand accelerated. The sales of key retail and catering companies nationwide were about 1.6 trillion yuan, and the average daily sales increased by 4.9% over last year's "11th" Golden Week.

As China`s economic operation continues to recover steadily, consumer demand will accelerate its release. Given the high correlation between regional economic development and the development of the hotel industry, Zhao Huanyan, a senior hotel researcher and senior economist at Huamei Consulting, predicts that the hotel market is expected to turn around this year, while South China The hotel market in China is likely to be the first area in China to turn around.
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