Consumers spend millions on luxury goods in Hainan

Individuals put on masks whereas strolling alongside a avenue on October 3, 2021 in Wuhan, Hubei province, the place a yellow excessive temperature warning was issued as the utmost temperature reached 98.6 Fahrenheit.

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BEIJING — Chinese language shoppers opened their wallets to buy throughout the week-long Nationwide Day vacation that ended Thursday, at the same time as journey numbers fell in comparison with the earlier yr.

Gross sales at 9 duty-free retailers within the southern island province of Hainan totaled nearly 1.64 billion yuan ($252.3 million) from Oct. 1 to 6, according to state media. That marked a rise of 75% from the identical interval in 2020, and greater than 4 occasions extra — or a 359% soar — in comparison with the identical interval in 2019, the report mentioned.

Hainan has grow to be a preferred vacation spot for Chinese language consumers who used to journey abroad earlier than the pandemic to purchase luxurious items.

The pandemic nonetheless weighed throughout this yr’s Nationwide Day vacation, often known as China’s “Golden Week.” It has traditionally been a preferred time to journey since it’s considered one of two prolonged holidays in a rustic the place employees have few private trip days.

Nonetheless, Beijing’s “zero-tolerance” policy for controlling the pandemic signifies that stringent contact-tracing and lockdown measures can prohibit journey at a second’s discover — as they reportedly did this week for tourists in Xinjiang. Anecdotally, some colleges in Beijing discouraged college students and lecturers from leaving the capital metropolis for the vacation.

Tourism spending of 389.1 billion yuan from Oct. 1 to 7 was solely about 60% of what it was in 2019, and down 4.7% from the identical interval in 2020, in line with China’s Ministry of Tradition and Tourism.

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Vacationer journeys reached 515 million throughout the week-long vacation this yr — about 70% of 2019 ranges and down 1.5% from 2020, the ministry mentioned.

Chinese language journey reserving web site mentioned Beijing surpassed Shanghai as the most popular destination, because of the newly opened Universal Studios resort on the outskirts of the capital metropolis.

Nationwide bookings for automotive leases throughout the vacation this yr rose by 43% in comparison with the identical vacation season in 2019, in line with The report mentioned common one-way airplane ticket costs rose 7% from a yr in the past to 821 yuan.

Disclosure: NBCUniversal is the mum or dad firm of Common Studios and CNBC.

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