Research Reports

Research Reports

MLCC Market Bulletin_20240514

Last Modified

2024-05-14

Update Frequency

Aperiodically

Format

PDF

Overview

During this year’s five-day May Day holiday in Mainland China, a wave of domestic travel had once again emerged. Not only were tickets for various tourist attractions across the country in high demand, but air and land transportation services were also fully booked. According to data from the country’s Ministry of Transport, the number of transport passengers in the country is estimated to have reached 56.99 million on May 1st, comparable to the figure resulting from this year’s Lunar New Year rush. This also indicates that China’s domestic consumption preference still leans towards travel and outdoor activities...