Insight Reports 8 minutes PremiumChinese New Year 2023 Review: Early Signs of Consumption Recovery Appear Charlotte Rothschild, Analyst Sector Lead: John Harmon, CFA, Managing Director of Technology Research February 13, 2023 Table of ContentsIntroduction Market Scale and Opportunity Chinese New Year Review: Coresight Research Analysis 1. Travel Sees Boost, Yet Falls Short of 2019 Levels 2. Duty-Free Shopping on Hainan Sets Record-Breaking Sales During Chinese New Year 3. Health and Pet Purchasing Trends are Here to Stay What We Think Implications for Brands/Retailers What's InsideIn this report, we review retail performance during the 2023 Chinese New Year holiday, also known as Lunar New Year, which lasted from January 22 to January 29. Data in this report include: Chinese New Year domestic tourism revenue for 2018 through 2023 Total retail sales in China during Chinese New Year, 2011 through 2023 Total number of tourist trips taken during Chinese New Year 2023 Average daily sales during Chinese New Year 2023 in the province of Hainan Categories and sectors which saw the highest year-over-year sales increases during this year’s Lunar New Year holiday, per Alibaba and JD.com Companies mentioned in this report are: Alibaba, JD.com, Taobao and Tmall International Other relevant research: Chinese New Year 2023 Preview: Travel Boost Expected as Government Lifts Zero-Covid Policy Chinese New Year 2022 Review: Increased Travel and Winter Olympics Boost Retail Sales—But Underlying Weak Trajectory Likely Unchanged Retail 2023: 10 Trends in China E-Commerce Key Festivals and Holidays for Promotional Campaigns in China in 2023: Calendar This report is for Premium subscribers only. Learn more about subscriptions here.If you are a Premium subscriber, please log in. Other research you may be interested in:
