The growth in Chinese tourism travel....>

CHINA PRESS: The growth in Chinese tourism travel revenue during the Mid-autumn

Festival holiday and the National Day holiday has slowed to a ten-year low,

WallStreet CN reported Monday, citing Citic Securities. 

  - Some 726 million Chinese individuals travelled domestically during the two

holidays, a 9.4% y/y growth, compared with growths of 12.0% in 2017 and 12.8% in

2016, according to the analysts, citing data from the Ministry of Cultural and

Tourism; 

  - Revenue of domestic travel grew 9.0% y/y to CNY599.08 billion, lower than

the 14.0% and 14.4% gains in 2017 and 2016 respectively, the analysts said;

  - While official overseas travel data were not offered, outbound tourism of

Shanghai and Beijing customs -- which comprises half of China's outbound travel

-- dropped, the analysts said; 

  - The drops were due a bottlenecking of tourism facilities, as well as the

fact that the Mid-autumn Festival and National Day holidays this year were

separated by a six-day gap. It possibly also reflects slowing consumption during

an economic slowdown, Citic Securities said.