This is a China news story, published by CNBC, that relates primarily to Oliver Wyman news.
For more China news, you can click here:
more China newsFor more Oliver Wyman news, you can click here:
more Oliver Wyman newsFor more Asia business & economics news, you can click here:
more Asia business & economics newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about Asia business & economics, you might also like this article about
Golden Week holiday. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Chinese tourists news, mainland China visitors news, news about Asia business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Golden Week consumptionCNBC
•
91% Informative
China 's Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences.
The seven-day public holiday that ended Monday recorded about 2% less spending per domestic trip than the pre-pandemic level.
"People become more cautious with spending. Also they opt for more affordable options of travel and affordable locations," Oliver Wyman says.
Hong Kong said visitors from mainland China visitors averaged 170,000 per day during the holiday , 27% more than a year ago .
China has introduced visa-free travel for more countries, while Alipay and WeChat Pay — the two dominant mobile pay apps — have in the last two years made it easier for foreigners to use the apps.
VR Score
95
Informative language
96
Neutral language
79
Article tone
formal
Language
English
Language complexity
52
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
6
Source diversity
4
Affiliate links
no affiliate links