Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Wednesday, August 28, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Bad winter weather threatens Lunar New Year travel in China

January 31, 2024
in Business
Reading Time: 2 mins read
A A
Bad winter weather threatens Lunar New Year travel in China
0
SHARES
ShareShareShareShareShare

Bad winter weather threatens Lunar New Year travel in China

One of China’s two great holiday seasons is underway, as millions of Chinese prepare to travel for Lunar New Year. But China’s meteorologists are worried that bad winter weather could put a dampener on holiday travels this year. On Tuesday, the China Meteorological Administration warned that widespread rain, snow and freezing weather could hit central and eastern China until Feb. 5.

The blizzard would hit during “chunyun,” or the Lunar New Year travel rush. Millions return to their hometown to celebrate the start of a new lunar year in what is often referred to as the world’s largest annual migration. (While this year’s Lunar New Year falls on Feb. 10, travel can start as early as two weeks beforehand)

Wintry weather has hit the Lunar New Year holiday before. In 2008, winter storms caused blackouts across many cities in China, disrupting travel services and stranding millions during the Lunar New Year period. Economists estimate the bad weather led to a direct economic loss of $22.3 billion.

While weather authorities don’t think this year will be quite as bad as 2008, officials still warned travelers to expect delays on public transport.

Economic chills

This year’s Lunar New Year celebrations will be the country’s second without COVID restrictions since the pandemic. Yet last year’s travel season was marred by a surge of COVID cases, with health officials even encouraging potential travelers to stay home and avoid bringing the disease with them.

China’s transport ministry forecasts a record high of nine billion trips for this year’s travel season.

A disrupted Lunar New Year could deny a boost to the stumbling Chinese economy. Consumers seem to be unwilling to spend as freely as they did before the pandemic, with travel during the National Day Golden Week holiday last October coming in below official expectations.

There is some recovery: Domestic tourism revenue reached pre-pandemic levels by the end of 2023. Data from Fliggy, an Alibaba-owned travel platform, reports a five-times increase in bookings for Shanghai and a six-times increase in bookings to Beijing, compared to the previous Lunar New Year season.

Learn more about all things crypto with short, easy-to-read lesson cards. Click here for Fortune’s Crypto Crash Course.

Credit: Source link

READ ALSO

Big Tech wants to keep stealing patents—so it’s going to war with Big Pharma

Lego has a historic half-year launching 300 new sets, opening 41 stores

ShareTweetSendSharePin
Previous Post

H&M shares tumble 8% after weaker sales and surprise CEO exit

Next Post

Norway wealth fund says Novo, Eli Lilly may join trillion-dollar club

Related Posts

Big Tech wants to keep stealing patents—so it’s going to war with Big Pharma
Business

Big Tech wants to keep stealing patents—so it’s going to war with Big Pharma

August 28, 2024
Lego has a historic half-year launching 300 new sets, opening 41 stores
Business

Lego has a historic half-year launching 300 new sets, opening 41 stores

August 28, 2024
What does Pavel Durov’s arrest mean for his tech legacy?
Business

What does Pavel Durov’s arrest mean for his tech legacy?

August 28, 2024
Lowe’s followed Tractor Supply, Harley Davidson and John Deere in backing off DEI initiatives
Business

Lowe’s followed Tractor Supply, Harley Davidson and John Deere in backing off DEI initiatives

August 28, 2024
Gen Z tackles frustrating job market
Business

Gen Z tackles frustrating job market

August 28, 2024
Nvidia employees are so rich that they shrug off high pressure
Business

Nvidia employees are so rich that they shrug off high pressure

August 27, 2024
Next Post
Norway wealth fund says Novo, Eli Lilly may join trillion-dollar club

Norway wealth fund says Novo, Eli Lilly may join trillion-dollar club

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Exclusive: Crypto veteran Meltem Demirors raising two venture funds totaling  million

Exclusive: Crypto veteran Meltem Demirors raising two venture funds totaling $75 million

August 7, 2024
Oswaldo Cabrera’s key hustle play sparks Yankees’ comeback

Oswaldo Cabrera’s key hustle play sparks Yankees’ comeback

August 15, 2024
Wukong breaks Steam’s concurrent single-player record within hours of launch

Wukong breaks Steam’s concurrent single-player record within hours of launch

August 20, 2024
Stock market today: S&P 500 near all-time highs after strong week

Stock market today: S&P 500 near all-time highs after strong week

August 17, 2024
Could Hindenburg’s latest allegations have wider implications for India?

Could Hindenburg’s latest allegations have wider implications for India?

August 15, 2024
stocks, data and earnings as volatility continues

stocks, data and earnings as volatility continues

August 5, 2024
Hong Kong-developed mobile stethoscope app detects heart disease

Hong Kong-developed mobile stethoscope app detects heart disease

August 6, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Futureproofing Food Supply Chains Through Sustainable Transportation Practices
  • Cryptocurrencies slide amid a wave of long liquidations, bitcoin briefly falls under $60,000
  • Big Tech wants to keep stealing patents—so it’s going to war with Big Pharma
  • The best instant cameras for 2024

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In