GS--China: Tourism data showed largely stable momentum during the National Day Golden Week
Bottom line: Tourism data during the National Day Golden Week showed largelystable growth momentum in the hospitality sector vs previous long holiday, with
应用介绍
Bottom line: Tourism data during the National Day Golden Week showed largely
stable growth momentum in the hospitality sector vs previous long holiday, with
tourism spending per head slightly below the pre-pandemic level. Low tourism
spending per head and subdued services prices highlighted still weak domestic
demand and continued consumption downgrading. It remains to be seen how much
more easing — especially on the fiscal front – will be announced in the coming
months and to what degree it may help boost domestic demand (mainly
consumption), normalize prices and rebuild confidence.
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