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Hu Xijin: Chinese New Year's Eve will sooner or later become a statutory holiday, and the cost of the Chinese New Year's Eve holiday needs to be borne by the whole society [with market analysis of China's cultural tourism industry]

author:Qianzhan Network
Hu Xijin: Chinese New Year's Eve will sooner or later become a statutory holiday, and the cost of the Chinese New Year's Eve holiday needs to be borne by the whole society [with market analysis of China's cultural tourism industry]

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Recently, the General Office of the CPC Central Committee and the General Office of the State Council jointly issued a notice on the work arrangements for the Spring Festival on New Year's Day next year. The notice clearly pointed out that the notice proposed to encourage all units to combine the implementation of paid annual leave and other systems to arrange for employees to rest on Chinese New Year's Eve. In this regard, Hu Xijin issued an article strongly calling on all social institutions to respond to this call and arrange next year's Chinese New Year's Eve as an actual holiday. He said, "Next year's Spring Festival plus the supplementary holiday, plus the day of Chinese New Year's Eve, 9 consecutive days off, this is an unprecedented Spring Festival holiday in history." ”

On December 27, Hu Xijin said that this Chinese New Year's Eve holiday, after all, is not a legal holiday, so the whole society needs to bear its increased costs. Hu Xijin further said: "The country is moving in that direction, but a transition period has been arranged, and according to this trend, Chinese New Year's Eve will sooner or later become a statutory holiday, and the current transition is to allow society to have an adaptation process to the new rhythm and the increased costs of extended holidays." Hu Xijin said that the whole society will work together to make next year's Spring Festival really good, and everyone will be happy, so the longer Spring Festival holiday will continue to be fixed, which is undoubtedly a great thing for the whole society.

It is understood that on December 14, 2007, the state issued the "Decision on Amending the Measures for Holidays on National Festivals and Memorial Days", which was revised for the second time, and for the first time included Chinese New Year's Eve as a statutory holiday for the Spring Festival, that is, the Spring Festival, with a three-day holiday (Chinese New Year's Eve, the first day of the first lunar month, and the second day of the first lunar month). Therefore, since 2008, Chinese New Year's Eve is a statutory holiday.

On December 11, 2013, the state issued the "Decision on Amending the Measures for the Holiday of National Festivals and Memorial Days", which was revised for the third time, clarifying that the Spring Festival holiday is 3 days (the first, second and third days of the first lunar month). So far, Chinese New Year's Eve has only been implemented as a statutory holiday for six years, and since 2014, Chinese New Year's Eve is no longer a statutory holiday.

The number of tourists on holidays

Judging from the performance of the holiday cultural tourism market in the past three years, the overall trend has maintained a stable development. During the New Year's Day holiday in 2023, there will be 52.7134 million domestic tourism trips across the country, a year-on-year increase of 0.44%, and a recovery to 42.8% of the same period in the same period of the 2019 New Year's Day holiday on a comparable basis. During the Spring Festival holiday in 2023, there will be 308 million domestic tourism trips across the country, a year-on-year increase of 23.1%.

Hu Xijin: Chinese New Year's Eve will sooner or later become a statutory holiday, and the cost of the Chinese New Year's Eve holiday needs to be borne by the whole society [with market analysis of China's cultural tourism industry]

Holiday tourism income

From the perspective of tourism revenue, tourism revenue has not changed significantly from 2021 to 2022, and will usher in greater growth in 2023. During the New Year's Day holiday in 2023, domestic tourism revenue will reach 26.517 billion yuan, a year-on-year increase of 4.0%, and recover to 35.1% of the same period in 2019. During the Spring Festival holiday in 2023, domestic tourism revenue will reach 375.843 billion yuan, a year-on-year increase of 30%.

Hu Xijin: Chinese New Year's Eve will sooner or later become a statutory holiday, and the cost of the Chinese New Year's Eve holiday needs to be borne by the whole society [with market analysis of China's cultural tourism industry]

Donghai Securities' research report in October pointed out that this year's Mid-Autumn Festival and National Day consumption performance was outstanding, and consumers' willingness to consume increased rapidly. The performance of the 11th Golden Week is expected to be better than the same period in 2019, and travel is beginning to enter a new normal driven by endogenous and innovation. The peak season catalyzes the upward trend of the industry, superimposed by the Asian Games, the intensive introduction of policies, and the gradual improvement of residents' consumption power, and is optimistic about the performance of scenic spots, hotels and other sectors.

Prospective Economist APP Information Group

For more research and analysis of this industry, please refer to the "Analysis Report on Market Prospect and Investment Strategic Planning of China's Cultural Tourism Industry" by Qianzhan Industry Research Institute

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