Billions spent on New Year's Day

Consumption in Shanghai on New Year’s Day totaled 4.62 billion yuan (US$663 million), of which 28.1 percent was contributed by tourists.

According to data from China UnionPay Merchant Services Co (China UMS), around 1.16 million visitors from other provinces and cities spent around 1.3 billion yuan on the first day of 2020, accounting for 28.1 percent of the city’s total. That was slightly lower than the previous year as this year people only took one day off for the New Year holiday.

Tourists from Jiangsu Province accounted for 20.7 percent of the total number of visitors, followed by Zhejiang Province at 10.8 percent. 

Tills rang at well-established commercial areas such as Nanjing Road W., Nanjing Road E and Lujiazui in the Pudong New Area.

Meanwhile, approximately 1.31 million Shanghai residents took trips out of the city, spending a total of 1.39 billion yuan, or 1,066.2 yuan per head. Their destination cities were mainly in the Yangtze River Delta, such as Suzhou, Hangzhou and Nanjing.