The Ministry of Commerce has announced that China’s hotel and catering industry kept its rapid upwards trend and saw retail sales rise 25.8% year on year to RMB147.33 billion ($21.58 billion) in October
According to the ministry, the industry’s retail sales totaled RMB1.25 trillion during the January-October period, up 24.9% year on year. The growth rate is 6.3 percentage points higher than the same period last year.
The hotel and catering industry contributed 14.2% to the nation’s total domestic consumer goods retail sales during the same period.
Source: Ali Baba.com