China's experiences economy is heating up, with businesses racing to capture the growing market of younger consumers seeking cultural and immersive travel opportunities.

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China's experiences economy is heating up, with businesses racing to capture the growing market of younger consumers seeking cultural and immersive travel opportunities. Lunar New Year travel bookings reveal significant trends: theme park hotel reservations nearly doubled, and demand for traditional performances and artisanal experiences rose 40%. The official holiday runs February 15-23, but China's travel season spans 40 days, with projections of 110 million trips in and out of Beijing and an astounding 9.5 billion nationwide trips. This surge indicates most of China's 1.4 billion people will explore multiple cities, signaling strong consumer confidence and appetite for novel experiences despite economic challenges. Hotel chains and travel platforms are rapidly expanding, particularly in unique destinations like Xishuangbanna, which offers cultural attractions and natural landscapes.

CNBC's The China Connection newsletter: Businesses scramble to reach China's growing experiences economy

Wednesday, February 18, 2026 at 9:20 AM

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