China May Day holiday spending delivers mixed picture on post-COVID recovery

BEIJING - Domestic travellers spent 166.9 billion yuan during one of China's longest breaks, the May Day holiday, for a rise of 13.5% from pre-pandemic levels, government data showed on Monday, but expenditure per head lagged 2019 rates.

But spending of 565.7 yuan per head during the event, a key opportunity for Chinese to go on family trips as the weather warms and flowers bloom, was down 11.5% from pre-COVID levels in 2019, Reuters calculations based on official data show. The number of short trips grew noticeably during the break, Guotai Junan Securities said in a research note on Monday.

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