China Golden Week holiday sees millions of tourists, boon to economy

The Associated Press
Published 7:02 a.m. ET Oct. 9, 2020 | Updated 8:49 a.m. ET Oct. 9, 2020

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The Southwest Airlines gates of National Airport are almost completely without flying customers, showing the impact COVID-19 is having on air travel.

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HONG KONG (AP) — Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time

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  • Despite more trips by automobile, gasoline demand is still below pre-pandemic levels.
  • Spending patterns are changing as more Americans stay closer to home for vacations and choose road trips over flying.

By Debbie Carlson for CME Group

Americans are choosing road trips over flights as they choose a safer-perceived way to vacation, and that’s having an economic impact, say analysts who follow the travel and retail industries. The phenomenon is

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Gov. David Ige remained insistent Wednesday that the state is committed to opening up trans-Pacific travel on Oct. 15 without requiring quarantines for arriving passengers who tested negative for COVID-19 by using a “trusted partner” of the state within 72 hours prior to departure.

The trusted partners announced as of Wednesday include AFC Urgent Care, Carbon Health, CityHealth Urgent Care, Color, CVS Health, Hawaiian Airlines, Kaiser Permanente (for members only),

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Are you travelling to Nigeria for business purposes? Read these tips to have a successful business trip. 

With the largest population in Africa and a wealth of natural resources on its land, Nigeria is an increasingly important market that can no longer be ignored. The country is already recognized as one of the world’s fastest-growing economies and one of the world’s major investment destinations. So, there’s no better time than

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Top business leaders say the global economy is facing its worst crisis in 100 years



a man wearing a hat: MOSCOW, RUSSIA - OCTOBER 5, 2017: SABIC Vice Chairman and CEO Yousef Abdullah Al-Benyan attends the Russian-Saudi Investment Forum at the Ritz-Carlton Moscow Hotel. Sergei Bobylev/TASS Sergei BobylevTASS via Getty Images


© Sergei BobylevTASS via Getty Images
MOSCOW, RUSSIA – OCTOBER 5, 2017: SABIC Vice Chairman and CEO Yousef Abdullah Al-Benyan attends the Russian-Saudi Investment Forum at the Ritz-Carlton Moscow Hotel. Sergei Bobylev/TASS Sergei BobylevTASS via Getty Images

  • Business leaders from the engagement group Business Twenty (B20) have called for urgent reforms to be made if the global economy is to recover from its worst crisis in a century due to
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‘Eyewatering’ losses hit Scottish rural economy following self-catering accommodation restrictions









Country sports tourism businesses have hit out at the Scottish Government’s decision to impose a single household restriction on self-catering accommodation, as tens of thousands of pounds worth of cancellations have hit businesses in a matter of days.

The backlash comes after the Scottish Government made an eleventh hour u-turn last week, which saw

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Morrison government to announce new tax breaks designed to get the economy moving in a Covid world

Video: Andrews government increases extreme hardship payments to $800 (Sky News Australia)

Andrews government increases extreme hardship payments to $800

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The Morrison government will use next week’s budget to remove the 47% fringe benefits tax (FBT) impost on the retraining businesses give redundant or redeployed workers, and extend some tax concessions for businesses with a turnover of between $10m and $50m.



a bench overlooking the ocean: Photograph: Anadolu Agency via Getty Images


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China promotes ‘revenge travel’ to boost economy after Covid lockdowns

Video: Japan to open to more travellers (Sky News Australia)

Japan to open to more travellers

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Millions of Chinese people are travelling across the country in a bout of “revenge tourism” after almost a year of quarantines, lockdowns and restrictions on their movement.



a group of people around each other: Photograph: China News Service/Getty Images


© Provided by The Guardian
Photograph: China News Service/Getty Images

China’s ministry of culture and tourism expects around 550 million residents will

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China encouraging ‘revenge travel’ following coronavirus lockdowns to help economy

Well, then.

Chinese officials are reportedly encouraging citizens to get out and adventure in a “revenge travel” pitch to revive tourism and boost the economy, following months of lockdowns and restrictions in the fight against COVID-19.

Starting Thursday, about 550 million people are expected to travel for China’s National Day and Mid-Autumn Festival – and keep moving through the eight-day Golden Week, The Guardian reports.

Passengers wait for their trains at Hankou Railway Station one day before the eight-day National Day holiday on September 30 in Wuhan, Hubei Province of China. (Hu Jinli/VCG via Getty Images)

Passengers wait for their trains

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De Blasio Says He Has A Plan To Bring Back NYC’s Economy As Record Number Of Hotels Are Closing

NEW YORK (CBSNewYork) – It’s a sobering view of the economy in New York City.

A record number of hotels continue to close. In fact, it’s one of the hardest hit industries.

Ninety percent of hotel workers in the city were laid off, and 25,000 of them have been without work for six months. A total of 200 hotels have completely shuttered.

As CBS2’s Lisa Rozner reports, this is

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Home sales are booming. Stocks are setting record highs. Industrial production is clambering out of the ditch it fell into early this year.

And yet the U.S. economy is nowhere close to regaining the health it achieved, with low unemployment, free-spending consumers and booming travel, before the coronavirus paralyzed the country in March. Not while the viral outbreak still rages and Congress remains deadlocked over providing more relief to tens

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Hotel industry lags as economy begins to recover

Leisure travel has increased following months of coronavirus-related closures and restrictions, but hotels that rely on business travel are lagging behind.

In April, at the height of the hospitality industry’s downturn, Johnson County Inn Keeper’s Tax collections were down more than $16,000 compared to the same time last year. For July, collections are about $1,200 lower than last year, showing marked progress.

For leisure travel-reliant operations, such as the Flying

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Swedish Government Promises $12 Billion to Kick-Start Economy in 2021 Budget | Investing News

STOCKHOLM (Reuters) – Sweden’s government will pump 105 billion crowns ($12 billion) into the economy in 2021 through tax cuts and spending in a record giveaway aimed at getting the economy back on its feet after the coronavirus pandemic-induced slump.

Sweden’s economy will shrink around 4.6% this year, the minority coalition said its budget on Monday, a milder hit than many other European countries, some of which are being forced

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People find new ways to spend vacation money in today’s ‘homebody economy’

A pool in the backyard? A fresh coat of paint on the deck? For some people flush with funds from canceled vacations due to the coronavirus pandemic, that’s exactly the plan.

A new survey shows nearly one-third of homeowners are using money previously set aside for travel and spending it on home improvements — doing everything from small updates to large renovations.

What are people spending vacation money on?

Half

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Scamming Conservatives Now the Hottest Sector of U.S. Economy

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GAGE SKIDMORE/FLICKRCC

When former White House advisor Steve Bannon was arrested aboard the yacht of a fugitive Chinese billionaire last week, many saw it as another sign of wonton corruption within the Trump administration.

Yet economists saw hope. They’re calling this the “Summer of Swindle,” and say it may well rescue the U.S. economy.




According to the Treasury Department, scamming gullible conservatives

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Phuket’s economy flailing amidst travel ban



an island in the middle of a body of water: Phuket governor Narong Woonciew said the island usually saw about 14 million tourists a year, of which 10 million were foreigners arriving on 300 flights daily.


© Provided by New Straits Times
Phuket governor Narong Woonciew said the island usually saw about 14 million tourists a year, of which 10 million were foreigners arriving on 300 flights daily.

PHUKET: Stakeholders have been urged to help restore the economy of popular tourist destination Phuket after figures revealed it had lost more than 400 million baht since the Covid-19 outbreak.

The Bangkok Post reported that the island was

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