[photopress:travel_golden_week.jpg,full,alignright]In sorting out the Golden Weeks the China’s government may, and it is very much may, give its citizens five or six more vacation days next year.
Analysts, ever quick to pluck at a straw in the wind, say the extra leisure time will probably boost China’s already flourishing travel-and-tourism sector.
Travel operators are betting on a shift to shorter, more frequent trips. This is reflected in their new vacation packages.
Analysts say the biggest travel companies are the ones most likely to benefit from the overhaul because they have the scale and network to respond to the heightened demand for road trips and weekend getaways.
The government is proposing that three traditional Chinese festivals become public holidays — and subsequently long weekends. It also wants to introduce five paid vacation days. It isn’t clear when the changes will be announced but early next year seems possible.
The upshot of the changes is that for the first time, Chinese workers will be able to decide when they want to travel stopping the chaos of Golden Weeks.
Zeng Guang, an analyst with China Jianyin Investment Securities, says that while the loss of a week-long break may mean less overseas travel by Chinese tourists there will be more domestic tours.
Source: Wall Street Journal