Insight Report 8 minutes PremiumChinese New Year 2023 Review: Early Signs of Consumption Recovery Appear Charlotte Rothschild, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research February 13, 2023 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 paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Unleashing the Power of Retail Media with First-Party Data and Location AnalyticsThree Things You Need To Know: Head-to-Head in US Drugstore Retailing—CVS Health vs. Walgreens Boots AllianceFebruary 2023 US Housing Market Indicators: Affordability Remains Depressed Versus a Year AgoThe Retail Buzz Around Generative AI—Infographic: Examples and Applications in Retail
