Alipay: 2023 May Day holiday spending increased by 200% year-on-year

Recently, Alipay released its consumer insights for the first three days of the May Day holiday (April 29-May 1). Official data showed that the number of holiday payments increased by 230% year-on-year, and the amount of consumption increased by 200% year-on-year, and increased by 70% year-on-year in 2019.

Alipay May Day data is as follows:

Huaihai Middle Road in Shanghai, Wangfujing Pedestrian Street in Beijing, Ciqikou in Chongqing, Tower Street in Guangzhou, and Badaju in Zibo are popular shopping districts across the country. The amount of money spent by consumers at barbecue restaurants in Zibo has skyrocketed by more than 5 times, driving the increase in hotel spending by more than 2 times.

The number of payments for transportation using Alipay in the three days before the short holiday increased by 230% year-on-year, and reached 2.2 times that of 2019. The number of people searching for "rent a car" and "charging" services on Alipay was 2.4 times and 3 times that of the same period in 2022, respectively. This year, the number of tourists who rode bicycles to enjoy the scenery and sweated on the road also increased by 1.5 times compared with the same period last year, among which Shanghai residents ranked first in the country in their love for cycling.

The per capita consumption of outbound tourists during the May Day holiday increased by 40% compared with the same period in 2019. Among the major destination markets, the growth of Alipay overseas consumption in Asia was the fastest. Hong Kong, China is still the most popular tourist destination, followed by Macau, China, Japan, Thailand and South Korea.

Hangzhou West Lake, Xixi Wetland, Changsha Yuelu Mountain, Nanjing Confucius Temple, Sun Yat-sen Mausoleum, Mount Tai, Wuhan Yellow Crane Tower, Jinhua Hengdian, Shennong Mountain and Xi'an Big Wild Goose Pagoda are the top 10 popular scenic spots during this year's short holiday.

From IT Home