We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
New Year, New Trends: Tourism, Housing, and Manufacturing.
- Abstract
The article reports that a total of RMB 423.3 billion was spent on tourism during 2016's Chinese New Year holiday period, a 15.9 percent increase. The travel website Ctrip recorded expenditures exceeding RMB 100 billion on outbound tourism. Tuniu, an online travel agency reported a similar boom, generating around 48 percent of its holiday business from outbound tourism. Growth slowed in December as a result of the tightening of regulations in September, such as purchase limits and mortgage restrictions, which were enacted to prevent housing prices from skyrocketing. The regulations saw success as fewer major cities recorded price increases. It is likely that low inventory levels in first- and second-tier cities will ensure price stability in the first half of 2017.
- Subjects
TOURISM taxation; TOURISM laws; TAXATION; SUMMER vacations; TRANSPORTATION industry; SCENIC transportation; TOURISM personnel; VOYAGES &; travels; BUSINESSPEOPLE
- Publication
China Business Review, 2017, p1
- ISSN
0163-7169
- Publication type
Article