The ＂May 1＂ holiday has driven the rapid recovery of service consumption.

　　□ Authoritative release

　　Beijing, May 4 (Xinhua) According to the VAT invoice data released by reporter Cai Yanhong and State Taxation Administration of The People’s Republic of China today, during the May 1 holiday, residents’ consumption and willingness to travel were high, and the booming tourism market led to the rapid recovery of the service consumption industry, while commodity consumption maintained steady and rapid growth.

　　Overall, the consumption potential is released rapidly, and the sales revenue of related industries exceeds the level of 2019 before the epidemic. According to the data of VAT invoice, the sales revenue of consumer-related industries in China increased by 24.4% compared with last year’s May Day holiday. Among them, service consumption and commodity consumption increased by 28.7% and 19.5% year-on-year, respectively, reflecting the increased willingness of residents to consume.

　　Tourism services have experienced explosive growth. During the May 1 holiday, the residents’ willingness to travel rose sharply, which led to a hot tourism market in various places, and the sales revenue of tourism and entertainment services increased by 3.2 times year-on-year. Among them, driven by the warming of domestic and international travel markets, the sales revenue of travel agencies and related service industries increased by 4.4 times year-on-year; The sales revenue of park scenic spots and leisure and sightseeing activities increased by 3.5 times and 3.3 times respectively. Driven by the warming of the tourism market, the sales revenue of accommodation services increased by 52.3% and the sales revenue of catering services increased by 32.8%.