On October 8, the State Taxation Administration used value-added tax (VAT) invoice data to analyze sales revenue across consumer-related industries during the National Day holiday.

The results showed that during the National Day holiday, the tourism consumption market continued to heat up, with sales revenue from tourism sightseeing and entertainment services rising 23.6% year on year, among which travel agency services and amusement parks grew 26.2% and 41.2%, respectively.

Driven by tourism consumption, demand for diversified accommodation was unleashed, with budget chain hotels and homestay services increasing 6.3% and 12.8% year on year, respectively.

In addition, the culture, sports and entertainment sectors continued to enrich their supply of new business formats and new scenarios, effectively boosting the development of the consumer market. Many places hosted concerts, cultural performances and folk activities, driving sales revenue from cultural and artistic services up 20.9% year on year, among which literary and artistic creation and performance services and mass cultural and sports activities grew 21% and 28.3%, respectively.

Traffic from events such as the China Open was converted into incremental consumption, driving sales revenue from sports services up 29.4% year on year.