Part 8/12:
Domestic travel hit a record 888 million trips, up 16% from last year, and generated approximately 113.6 billion USD in revenue, a substantial increase. However, the average spending per trip sharply declined to around $15 per day, the lowest in three years and below 2019 levels. This indicates waning household confidence despite high mobility.
At popular tourist sites, visitor numbers surged, but ticket revenues and per capita spending declined significantly, revealing cautious consumer behavior. Retail and catering sales during the holiday grew modestly, and entertainment spending suffered as well—with box office receipts falling 13% year-on-year, despite a rise in new film releases. Lower ticket prices further reflected subdued consumer enthusiasm.