Dragon Boat Festival sparks travel, spending boom in China
As the Dragon Boat Festival began on Saturday, China saw robust consumption growth with increased passenger trips, a strong box office, and heightened spending on festival-related products. China Railway expected 17 million trips on the peak day, up from 16.2 million last year, while the National Immigration Administration projected a 32.5% YoY increase in daily trips at Chinese ports. Trip.com reported a 20% rise in local tour bookings and a 50% increase in searches for outbound hotels, with Japan and Thailand as popular destinations.