Reference News Network, October 1st report: According to the Bloomberg News website on September 29th, China's upcoming National Day and Mid-Autumn Festival Golden Week holiday is expected to boost consumption. Analysts expect key industries such as aviation, tourism, duty-free shopping, and movies to benefit from the holiday's boost.

The report stated that China's upcoming eight-day Golden Week holiday, combined with recent government stimulus measures for the service sector, is expected to boost consumption. During the holiday starting on October 1st, a large number of Chinese people will travel, shop, and dine. The Chinese government has also introduced service sector stimulus measures, including extending museum opening hours and holding sports events.

In a report, analysts from Bloomberg Intelligence wrote that China's shift toward service consumption coincides with an increase in consumer demand for experiences, health, and value for money. They said consumption could grow. Analysts believe that key industries may be boosted by the holiday.

According to data from China Zhongxin Tourism Group, as of September 8th, holiday bookings have surged by 130% year-on-year. The eight-day holiday is expected to ignite consumers' enthusiasm for traveling.

Citigroup analysts said that more than 10 movies will be released during China's Golden Week, and movie ticket sales during the holiday are expected to increase by 5% to 19% year-on-year. They also noted that the outlook for the alcohol industry is also expected to improve during the Golden Week holiday.

Morgan Stanley analysts said that inbound tourism is expected to increase, which will benefit Chinese malls and duty-free operators.

Another report from Japan's Sankei Shimbun on September 29th stated that China's eight-day National Day holiday will begin on October 1st. Due to the overlap of the National Day holiday with the Mid-Autumn Festival, this year's consecutive days off are one day longer than last year. The holiday from October 1st to 8th is called the "Super Golden Week" by Chinese media.

According to analysis and forecasts from the Chinese Ministry of Transport, the total number of inter-regional personnel movements during the National Day and Mid-Autumn Festival holidays will reach 2.36 billion people.

It is estimated that self-driving trips will reach 1.87 billion people, accounting for about 80% of the total travel volume. It is reported that China has implemented a policy of exempting tolls on expressways during the National Day and Mid-Autumn Festival holidays.

The number of people traveling abroad is also expected to increase. According to the Chinese National Immigration Administration, the average daily number of inbound and outbound travelers during the National Day and Mid-Autumn Festival holidays will exceed 2 million people. The average daily number of inbound and outbound travelers during last year's National Day holiday was 1.871 million people.

Additionally, Chinese media listed popular destinations for Chinese tourists, with Japan, South Korea, and Thailand among them. A senior executive from a Japanese airline in Beijing said, "After this summer's peak season, the booking volume for flights to Japan during the National Day holiday remains strong." According to reports, due to the ongoing Osaka-Kansai Expo, flight bookings to Osaka are in good shape.

The Japan Economic Newspaper's report on September 30th pointed out that starting from September 29th, the South Korean government has resumed the visa exemption policy for group tourists from China after 8 years. A representative from a South Korean travel agency said, "This will have a positive impact on the tourism industry. We will launch tourism products that satisfy Chinese tourists."

The South Korean government announced in August that it will implement a visa exemption policy for group tourists from China until June 2026.

In August this year, Korean Air announced a cooperation with a Chinese online travel agency to attract customers through tickets and new travel packages. In September, Lotte Group also launched a social media account for Chinese tourists and introduced a service offering special discounts for Chinese tourists.

The South Korean government expects that, thanks to measures such as visa exemptions, the number of Chinese tourists visiting South Korea in 2025 will increase by 17% compared to the previous year, reaching 5.36 million people.

The Indian magazine "The Spectator" website reported on September 24th that many foreign tourists plan to visit the country during the National Day holiday. The most popular destinations include Shanghai, Beijing, Guangzhou, Chengdu, and Shenzhen. Among the countries of origin of inbound tourists, the fastest growth in the number of tourists from Uzbekistan, Kazakhstan, Spain, Hungary, and Saudi Arabia.

Translation: Lin Zhaohui, Ma Xiaoyun, Liu Lin

Original article: https://www.toutiao.com/article/7556124079216968201/

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