China Sees Significant Boost in Spending for Golden Week Travel, Nearing Pre-Pandemic Levels

Outbound travel from China is seeing a significant boost ahead of Golden Week, with overseas trips rising sharply, driven by lower airfares and higher demand. Data shows popular destinations include Japan, Hong Kong, South Korea, and Southeast Asia. There was strong growth in bookings for long-haul destinations like Europe and South America. According to Goldman Sachs, outbound travel will grow over 60% year-over-year, nearing pre-pandemic levels. Spending is up nearly 6% compared to last year.