top of page

Unveiling the Dynamics of May Day 2024: A Surge in Travel and Consumption Across China

During the 2024 May Day holiday, China saw a significant surge in consumer engagement, with daily active users reaching a record 911 million, as reported by QuestMobile. The blend of online and offline activities spurred notable growth in travel, cultural tourism, and local spending. This period highlighted the evolving consumer behaviour and economic trends shaping China’s market dynamics.

Overview of May Day Market Dynamics

The May Day holiday traditionally marks a peak in travel and consumption, but 2024 set new benchmarks. Online platforms and offline activities resonated to create a "synergy effect" that led to explosive growth across multiple domains:

  • Online consumption saw remarkable increases in mobile shopping, video streaming, and digital reading, with sectors experiencing growths of 43 million, 34 million, and 24 million respectively.

  • High engagement was noted in apps with significant daily active users. Fanqie Novel, Douyin Speed Version, Xiaohongshu, and Meituan were among the top performers, witnessing growth rates of 36%, 25%, 23.1%, and 17% respectively.

  • In apps with daily active users ranging from 10 million to 50 million, Qishui Music, Tomato Listen, Douyin Volcano Version, and Mi Home saw increases of 91.5%, 44.1%, 42.7%, and 37.1% respectively.

Offline Engagements and Consumer Spending

The offline scenario reflected a robust increase in travel and local consumption:

  • Services such as map navigation, train bookings, and car rentals saw daily active users reaching 236 million, 48 million, and 43 million respectively.

  • Flight services spiked by 40.7%, reaching 4.99 million daily active users.

  • Accommodation services including hotels, travel tools, and short-term rentals experienced significant growth, underpinning the strength of the travel sector during the holiday.

Demographic Shifts and User Engagement

A noteworthy demographic shift was observed with 35% of travel service app users being under the age of 35, highlighting a younger audience engaging more during the holidays. This shift suggests a changing pattern in travel preferences and consumer spending, which is increasingly being driven by a younger demographic.

Insights into Specific Sectors

  1. Travel and Tourism: Travel demand reached its peak during the May Day, surpassing even the Spring Festival. The train and flight services saw significant upticks in user engagement, with train services during May Day surpassing the peak of the Spring Festival rush.

  2. Local Consumption: The holiday period significantly boosted local consumption. Gastronomy and dining saw heightened activity, with platforms like Meituan and Dianping hitting peak traffic, suggesting a vibrant culinary scene energized by the holiday spirit.

  3. Entertainment: The entertainment sector, particularly movies and live performances, also saw a surge. While the movie industry continued its recovery trend, live concerts and music festivals were packed, highlighting the strong consumer demand for live entertainment during holidays.

  4. Retail and E-commerce: Online shopping platforms experienced a significant increase in traffic due to various promotional activities. This rise was further supported by an increase in physical retail activities in urban centres, which introduced entertainment and consumption events tailored to local characteristics and holiday themes.

Technological Impact and Future Trends

The integration of technology in enhancing the holiday experience was evident. Platforms like Douyin and Kuaishou played significant roles in promoting travel and lifestyle consumption, with users actively sharing their holiday experiences. This trend not only boosted platform engagement but also facilitated the rise of "micro-tourism" and local adventures.

The 2024 May Day holiday in China highlighted the dynamic interaction between technology, consumer behaviour, and economic activity. As these trends evolve, they offer both challenges and opportunities for businesses aiming to engage with China’s lucrative holiday market. Successful engagement with this vibrant consumer base requires innovative strategies and a deep understanding of their unique preferences.

Contact us for customized strategies that leverage these trends to enhance your business performance during peak seasons.

27 views0 comments


bottom of page