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China UnionPay sees record payment of $206 billion during holiday

China UnionPay sees record payment of $206 billion during holiday

National bank card association China UnionPay saw record payment of 1.37 trillion yuan ($206 billion) with a total of 728 million transactions during the National Day holiday, the association said Monday.

10/11/2017|9:21:06 AM|ChinaDaily
IATA: global passenger trips rose 7% in 2016

IATA: global passenger trips rose 7% in 2016

Air travel passengers in 2016 increased 7% to 3.8 billion year on year, according to the International Air Transport Association (IATA).

10/10/2017|5:05:15 PM|TheFinancial
Chinese tourist spending patterns reshape global travel sector

Chinese tourist spending patterns reshape global travel sector

The eight-day Chinese holiday led to an unprecedented boom in tourism, which not only boosted the economies of China and other countries and regions but also brought changes to global tourism.

10/10/2017|9:36:51 AM|GlobalTimes
China’s fastest bullet trains pose threat to domestic airlines

China’s fastest bullet trains pose threat to domestic airlines

China’s high-speed rail operator has reported a 140% rise in bookings for lines that terminate in Hangzhou over the past holiday, underlying a trend of consumers shifting to domestic rail travel.

10/10/2017|2:24:18 PM|SouthChinaMorningPost
Chinese airlines carry 12.95 million passengers during 8-day holiday

Chinese airlines carry 12.95 million passengers during 8-day holiday

Chinese airlines have carried a total of 12.95 million passengers during the National Day holiday, an increase of 14.6% from the same period last year. The average passenger load factor was over 80%.

10/09/2017|7:25:41 PM|ChinaTravelNews
705 million trips generate RMB 583.6 billion in China's 8-day holiday

705 million trips generate RMB 583.6 billion in China's 8-day holiday

A total of 705 million tourists traveled around China during the national holiday, generating RMB 583.6 billion (about USD 87.7 billion) of revenue, the China National Tourism Administration said.

10/09/2017|9:46:29 AM|ChinaDaily
663 million tourists spend 549.4 billion yuan in 7 days

663 million tourists spend 549.4 billion yuan in 7 days

Income from tourism reached 549.4 billion yuan (HK$644.57 billion) for the first seven days of the National Day Golden Week holiday, with a total of 663 million domestic tourists.

10/09/2017|9:47:06 AM|TheStandard
Travel loans gain big traction among millennials

Travel loans gain big traction among millennials

People used to save money for years to travel either within the country or outside for year-end holidays. Of late, people have started using credit cards, but end up paying huge interest rates.

10/09/2017|9:30:02 AM|DeccanHerald
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