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February 26, 2024 11 minutes

Chinese New Year 2024 Review: Revealing Trends Amid Evolving Preferences—China Retail Insights

Primary Analyst:
Echo Gong, Senior Analyst
Contributors
Primary Analyst:
Echo Gong, Senior Analyst
Sector Lead: Anand Kumar, Associate Director of Retail Research
Festivals and Holidays Multi-Sector
Insight Report

What's Inside

Our China Retail Insights series presents the latest insights from the ever-evolving landscape of China’s retail market. Each report in this series provides on-the-ground updates, dissecting the trends, innovations and consumer behaviors that are shaping one of the world’s most dynamic retail environments.

In this report, Coresight Research reviews the 2024 Chinese New Year holiday, highlighting the impact of the event on China’s consumer market and revealing retail trends, consumer preferences and market opportunities that emerged during the holiday.

Data in this research report include:

  • Domestic tourism revenue during Chinese New Year, 2019–2024
  • Domestic tourist numbers and average spending during Chinese New Year 2024
  • Average daily duty-free spending and total duty-free spending on the island of Hainan during Lunar New Year 2024

Companies mentioned in this report include: Adidas, Alipay, China Duty Free Shop, Chow Tai Fook, Little Red Book, Lululemon, Qunar

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This document was generated for

Festivals and Holidays The Consumer Multi-Sector

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