China's Holiday Economy Boosts Domestic Demand, Related Sales Up 14.3% During May Day Holiday
During China's five-day May Day holiday, sales revenue in related industries increased by 14.3% year-on-year, according to value-added tax invoice data released by the State Taxation Administration on May 6. Cultural and sports activities saw particularly significant growth, highlighting the holiday economy as a crucial driver for expanding domestic demand.
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- 📰 Published: May 7, 2026 at 12:36
- 🔍 Collected: May 7, 2026 at 13:01 (25 min after Published)
- 🤖 AI Analyzed: May 7, 2026 at 22:12 (9h 10m after Collected)
Central News Agency
(Central News Agency reporter Liao Wen-chi, Shanghai 7th) China's five-day May Day holiday has concluded. Data from value-added tax invoices released by the State Taxation Administration on May 6 showed that sales revenue in related industries increased by 14.3% year-on-year during the May Day holiday. Consumption in cultural and sports activities, in particular, saw significant growth. The holiday economy has become an important driving force for expanding domestic demand in China.
According to reports from mainland media First Financial and Securities Daily, data from the State Taxation Administration also showed that sales revenue from tourism, sightseeing, and entertainment services increased by 21.2% year-on-year. Specifically, sales revenue for cultural services and sports services grew by 42.3% and 44.1% respectively compared to the same period last year. Among these, performing arts, including concerts, and fitness services increased by 41.7% and 50.2% respectively compared to the same period last year.
Data from ride-hailing platforms and internet consumption platforms also reflected consumers' preference for cultural and sports activities. During the May Day holiday, the number of ride-hailing orders around concert venues increased by 88% compared to weekdays, and orders around sports events increased by an average of 185% compared to weekdays. Sports events represented by the Chinese Super League and Scottish Premiership, as well as music festivals and concerts, drove a boom in travel consumption, including accommodation, catering services, and consumption in surrounding scenic spots.
State Taxation Administration data also showed that during the May Day holiday, the catering consumption market performed well. Many places launched special catering activities, driving a 31.4% year-on-year increase in catering sales revenue. Among these, snack services and bar/teahouse services saw sales revenue increase by 41.6% and 51.5% respectively compared to the same period last year, while formal dining services increased by 26.8% year-on-year.
Huang Lixin, director of the Tax Science Research Institute of the State Taxation Administration, was quoted in the report as saying that May Day holiday consumption continued to heat up, and consumption potential was effectively released. Especially with the continuous efforts and effectiveness of policies and measures to promote the development of service consumption, service consumption continues to upgrade and shows high enthusiasm, injecting strong impetus into high-quality economic development.
The Securities Daily reported that the Political Bureau of the CPC Central Committee meeting held on April 28 clearly pointed out, "We must deeply tap the potential of domestic demand. We must expand the supply of high-quality goods and services and promote consumption upgrading." The performance of cultural and tourism consumption during the May Day holiday shows that the holiday economy has become an important lever for expanding domestic demand and promoting high-quality economic development. (Editor: Chou Hui-ying) 1150507
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(Central News Agency reporter Liao Wen-chi, Shanghai 7th) China's five-day May Day holiday has concluded. Data from value-added tax invoices released by the State Taxation Administration on May 6 showed that sales revenue in related industries increased by 14.3% year-on-year during the May Day holiday. Consumption in cultural and sports activities, in particular, saw significant growth. The holiday economy has become an important driving force for expanding domestic demand in China.
According to reports from mainland media First Financial and Securities Daily, data from the State Taxation Administration also showed that sales revenue from tourism, sightseeing, and entertainment services increased by 21.2% year-on-year. Specifically, sales revenue for cultural services and sports services grew by 42.3% and 44.1% respectively compared to the same period last year. Among these, performing arts, including concerts, and fitness services increased by 41.7% and 50.2% respectively compared to the same period last year.
Data from ride-hailing platforms and internet consumption platforms also reflected consumers' preference for cultural and sports activities. During the May Day holiday, the number of ride-hailing orders around concert venues increased by 88% compared to weekdays, and orders around sports events increased by an average of 185% compared to weekdays. Sports events represented by the Chinese Super League and Scottish Premiership, as well as music festivals and concerts, drove a boom in travel consumption, including accommodation, catering services, and consumption in surrounding scenic spots.
State Taxation Administration data also showed that during the May Day holiday, the catering consumption market performed well. Many places launched special catering activities, driving a 31.4% year-on-year increase in catering sales revenue. Among these, snack services and bar/teahouse services saw sales revenue increase by 41.6% and 51.5% respectively compared to the same period last year, while formal dining services increased by 26.8% year-on-year.
Huang Lixin, director of the Tax Science Research Institute of the State Taxation Administration, was quoted in the report as saying that May Day holiday consumption continued to heat up, and consumption potential was effectively released. Especially with the continuous efforts and effectiveness of policies and measures to promote the development of service consumption, service consumption continues to upgrade and shows high enthusiasm, injecting strong impetus into high-quality economic development.
The Securities Daily reported that the Political Bureau of the CPC Central Committee meeting held on April 28 clearly pointed out, "We must deeply tap the potential of domestic demand. We must expand the supply of high-quality goods and services and promote consumption upgrading." The performance of cultural and tourism consumption during the May Day holiday shows that the holiday economy has become an important lever for expanding domestic demand and promoting high-quality economic development. (Editor: Chou Hui-ying) 1150507
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
Text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.