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The bank, also known as ICBC, and ministry will work together on key tourism-related construction projects, according to the statement. Some tourism agencies based in several Asian cities including Seoul, Tokyo and Thailand also signed agreements with ICBC’s branches.
The country saw domestic tourism trips soar 93.3% last year from 2022, with spending reaching 4.91 trillion yuan, a year-on-year increase of 140.3%. During February’s eight-day Lunar New Year holiday, domestic trips rose 19% from the pre-Covid 2019, while spending climbed 7.7%.
Still, while overall trip spending has jumped, per capita travel spending is down compared with pre-pandemic years.
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