China: 4.44 Million Outbound Trips During 'Golden Week' with Thailand Leading
Chinese travelers recorded 4.444 million outbound trips during the 'Golden Week' holiday, a year-on-year increase of 9.3%, while Thailand estimated receiving 250,000 Chinese tourists, generating 11.5 billion baht in revenue.
The "Jingji Ribao" newspaper reported that mainland Chinese residents made 4.444 million outbound trips during the National Day holiday, an increase of 9.3% compared to last year, with this increase attributed solely to "statistics" without further detail.
The Tourism Authority of Thailand estimated receiving around 250,000 Chinese tourists between September 25 and October 7, generating revenues of about 11.5 billion Thai baht, equivalent to approximately $340 million.
These two increases represent 24% and 37%, respectively, making Thailand one of the primary beneficiaries of Chinese tourists' spending during the holiday season.
"Golden Week" is a major travel season in China, and tourist destinations across Asia and the world track its numbers to gauge Chinese tourists' appetite for outbound travel and spending.
What Do These Terms Mean?
"Golden Week": A long official holiday in China around National Day at the beginning of October, witnessing peak domestic and outbound travel and spending.
Thai Baht: The official currency of Thailand, whose exchange rate is used to convert tourism revenue into US dollars.
Inbound Tourism: The number of tourists arriving in a country from abroad, measured to indicate the size and revenues of the tourism sector.
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