BEIJING: Tourism revenues in China during the Lunar New Year holidays that ended on Saturday (Feb 17) surged by 47.3 percent year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer than usual break, official data showed on Sunday. The data may offer temporary relief to policymakers as the world’s second largest economy has been facing deflationary risks amid weak consumer demand, but the sustainability of the tourism boost is uncertain and the tourism revenue per trip remained below the pre-pandemic level. During the holiday, known as the world’s largest annual migration, tourist attractions across the country witnessed massive crowds. Domestic tourism spending jumped by 47.3 percent to 632.7 billion yuan (US$87.96 billion) from the same…
