People stand under a giant screen showing sales promotion advertisement during the Lunar New Year holiday in China.BEIJING - Hotels and restaurants in China's big cities are bracing for a rush of guests over the Lunar New Year as people forced by COVID-19 curbs to give up plans to go home for family reunions opt instead to stay put and celebrate in other ways.
Authorities have estimated that, based on numbers from 36 cities, that 48 million people who travelled during the Lunar New Year last year will stay put this time. "The more expensive the room is, the quicker it's booked out," said travel search engine Qunar.com, adding that it had seen hotel bookings for the Lunar New Year period triple compared with last year.
Iris Pang, chief economist for Greater China at ING, said she was expecting a 10 per cent increase in spending from last year, saying that the COVID situation was not severe enough to stop people from getting their wallets out. Media worker, Pan Lei, 47, is among Beijing residents staying put and planning to splash out a little.
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