The National Taxation Administration, using VAT invoice data, said National Day
holiday sales showed strong services demand and robust goods consumption.
Tourism and entertainment sales revenue rose 23.6% YoY; travel agency services
+26.2% YoY; amusement parks +41.2% YoY. Diversified lodging demand lifted
economy hotel chains +6.3% YoY and homestays +12.8% YoY. Catering services
revenues were up 9% YoY. Household appliances and audiovisual sales revenue rose
40.1% YoY; refrigerators and washing machines +40.6%; TVs +36.6%. Communication
equipment (phones, smart bands) surged 119.8% YoY. Kitchen and sanitaryware
retail climbed 52.3% YoY.