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Business booms during National Day holidays

http://www.qingdaonews.com 2003-10-15 00:00:00

    During the weeklong National Day holidays, all the business retailers made sever competitions. The household appliances, autos, clothes, food and beverage became the hot points for people's consumption.

    Statistics show that, during the holidays, all th
e local large shopping malls completed a total sales volume of 285 million RMB, representing a year-on-year increase of 22.5%. Some large supermarkets, such as Jusco and Carrefour, the volume even made 50% increase over that of same period of last year. Some newly opened shopping malls, including Wal-Mart, the Sunshine Shopping Mall and Hisense Jinzuo Store, made the local retail business competition more severe. People's consumption during the holidays mainly focused on household appliances, autos and clothes. Price discounts were provided to the consumers in order to stimulate more consumption. Meanwhile, the National Day holiday was the on-season for both the tourists and the wedding ceremony. A lot of tourists swarmed into the city, which made a rapid growth of the city's food and beverage service. During the holidays, 980,000 tourists from outside Qingdao visited the city with the local hotels' room occupation rate exceeding 85%. (top86)

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