The number of domestic trips and total travel expenditure during China's week-long National Day holiday exceeded last year's numbers, but per capita spending lagged pre-pandemic levels, according to the culture and tourism ministry.

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Amer Sports, Inc. reported that company posted revenue growth of more than 60 percent for the seven-day Golden Week period ended October 7. The company said strength across the portfolio was driven by accelerating store sales at Salomon, Wilson and Arc’teryx.

China's average daily home sales during the Golden Week holiday leapt 23% by floor area from the same period last year, boosted by improved market sentiment after the government's support policies, a survey by the China Index Academy showed on Tuesday.

Chinese tourists shelled out less money during their long holiday that ended Monday than before the pandemic, even as signs emerged that spending is stabilizing after a barrage of stimulus recently unveiled by the government.

China’s Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences.

During China's week-long National Day holiday, the number of domestic trips and overall travel spending surpassed last year's figures, but per capita expenditure fell short of pre-pandemic levels, according to the Ministry of Culture and Tourism.