Consumer demand for services is strong during the National Day holiday, and consumption of goods is growing well

CCTV News Client News (News Network): The latest value-added tax invoice data from the State Administration of Taxation shows that during the National Day, service consumption across the country was strong, and the average daily sales revenue of related industries increased by 19.5% year-on-year.

Specifically, the tourism consumer market continues to grow in popularity, with sales revenue from tourism and entertainment services increasing by more than 20% year-on-year, with travel agency services and amusement park services growing rapidly. Driven by tourism consumption, the demand for diversified accommodation has been released, and the sales revenue of economic chain hotels and homestay services increased by 6.3% and 12.8% respectively year-on-year.

At the same time, family dinners, wedding banquets and other activities drove strong catering consumption, and catering service sales revenue increased by 9% year-on-year. Among them, specialty food streets and night markets are full of fireworks, promoting the rapid growth of snack services and fast food services.

In addition, cultural tourism consumption continues to enrich new business formats and new scenarios, driving cultural and artistic service sales revenue to increase by 20.9% year-on-year. Among them, literary and artistic creation and performance services and mass cultural and sports activities services all maintained double-digit growth. Sports events are taking place in various places, driving sports service sales revenue to increase by nearly 30%.

Affected by factors such as the release of part of the funds for trade-in subsidies for consumer goods before the holiday, the concentrated launch of new digital products, and the intensive release of household replacements during the long holiday, sales revenue of household appliances and audio-visual equipment increased by more than 40% year-on-year. Sales of mobile phones, bracelets and other communication equipment were booming, with an increase of more than double.