China Too Broke to Spend! Quietest Golden Week Ever: 3M Yuan Guesthouse, Under 100 Yuan in Sales

This year, mainland China’s National Day holiday is facing a consumer backlash. Homestay operators are seeing dismal bookings, and cutthroat competition has pushed some rooms down to just 50 yuan a night. Even at that price, some still think it’s too expensive. Many owners are lamenting online that they can barely stay in business.

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