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

CLOSE

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

Wochit

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

Read More

Travel Begins to Bounce Back in China During Golden Week Holiday



a group of people standing in front of a crowd: Travel Begins to Bounce Back in China During Golden Week Holiday


© Photo by AP Photo/Ng Han Guan
Travel Begins to Bounce Back in China During Golden Week Holiday

Some 637 million residents of China traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when officials hope to get consumers to spend more and perk up the economy.

More than 45 percent of China’s 1.4 billion people traveled during

Read More

425 million people in China travelling domestically this 2020 Golden Week holiday – Mothership.SG

Some 425 million people in China are taking a vacation as the world continues convulsing as a result of the Covid-19 pandemic.

Barely nine months of border closures and restricted movement later, the coronavirus has largely been brought under control in China, Bloomberg reported.

In response to stamping out Covid-19, the Golden Week holiday is seeing massive numbers of people going about their lives en masse once again, as the

Read More

Travel Spending Recovers 70 Percent During China’s Golden Week

LONDON — While many European countries are entering second lockdowns, China’s strict tracing and broader control policies have helped the world’s largest luxury and travel retail market recover swiftly, at least within the country for the moment.

Some 637 million people traveled within China over the past eight days in celebration of the country’s annual Golden Week holiday, which celebrates the founding of the People’s Republic of China in 1949,

Read More

Travellers return to the sky as China’s Covid-19 outbreak comes under control, boosting ‘golden week’ flights by 13 per cent



a group of people standing in front of a store: Visitors crowd onto a narrow alley in Zhujiajiao Water Town on the outskirts of Shanghai, China, on Monday, October 5, 2020. Photo: Bloomberg


Visitors crowd onto a narrow alley in Zhujiajiao Water Town on the outskirts of Shanghai, China, on Monday, October 5, 2020. Photo: Bloomberg

China’s aviation industry took a step closer towards full recovery, as more people took to air travel during the nation’s “golden week” public holiday, encouraged by a rigorous testing regime, social distancing and the wearing of masks that brought the coronavirus outbreak under control.

The number of

Read More

Growth Stocks Lead Hong Kong Higher, Over 400 Million Travel Domestically For Golden Week

For a reflection on the evolution of Emerging Markets investing over the past ten years, check out my recent article.

Key News

Asian equities opened lower on failed US stimulus talks though rallied over the course of the day. Hong Kong had a strong day despite growing concerns surrounding increased social distancing measures as growth stocks led

Read More

Will The Golden State Warriors Pay The Price For Another Championship?

The Golden State Warriors will enter the 2021 NBA season with a fully rested core of championship players in Stephen Curry, Klay Thompson and Draymond Green. What

Read More

Layoffs loom at Pebble Beach, Golden Gate Bridge, hotels

Job cuts are being planned at the iconic Pebble Beach resort in Monterey County, while separate layoffs are in the works at Bay Area hotels as well as the Golden Gate Bridge District, with the employers blaming staff cutbacks on coronavirus-linked woes.



a small boat in a harbor next to a body of water: Boats in Stillwater Cove with the 17th and 18th holes at the Pebble Beach Golf Links during the third round of the United States Open Championship on Saturday, June 15, 2019. (Vern Fisher - Monterey Herald)


© Provided by Mercury News
Boats in Stillwater Cove with the 17th and 18th holes at the Pebble Beach Golf Links during the third round of the United

Read More

China domestic flights push past pre-Covid levels as country gears up for Golden Week holiday



a flag hanging on a pole: Workers setting up national flags along a street ahead of the upcoming National Day in Ningbo in China's eastern Zhejiang province. -- Pix: STR/ AFP


© Provided by New Straits Times
Workers setting up national flags along a street ahead of the upcoming National Day in Ningbo in China’s eastern Zhejiang province. — Pix: STR/ AFP

KUALA LUMPUR: Although most air travel markets have been hit hard by Covid-19, the volume of domestic flights in mainland China during this year’s annual “Golden Week” holiday from Oct 1 to 8 looks set to push well past

Read More

‘Nomadland’ Wins Golden Lion Award at Venice Film Festival

“Nomadland” has received the Golden Lion Award as the best film of the 2020 Venice International Film Festival, a jury headed by Cate Blanchett announced on Saturday.

The Searchlight drama, a simultaneous premiere by the Venice, Telluride and Toronto festivals, was directed by Chloe Zhao and stars Frances McDormand as a woman who travels through the American West in a van after losing her job and her home. Apart from

Read More