Business
Golden Heaven Group Holdings Ltd. Achieves an Approximately 30% Year-over-Year Traffic Growth During China's Labor Day Holiday
NANPING, China, June 6, 2023 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the "Company" or "Golden Heaven") (Nasdaq: GDHG), an amusement park operator
About this update from Golden Heaven Group Holdings Ltd.
[{"type":"text","content":"NANPING, China, June 6, 2023 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the \"Company\" or \"Golden Heaven\") (Nasdaq: GDHG), an amusement park operator in China, announced today that its six amusement parks host a total of approximately 35,000 visitors during China's Labor Day holiday from April 29, 2023 to May 3, 2023, representing an approximately 30% year-over-year traffic growth. China's Labor Day holiday is one of the three annual \"Golden Week\" holidays in China, along with the Chinese New Year and the National Day holidays.\nThe Company's traffic growth during China's Labor Day holiday is in line with the recovery of the macro-economic environment in China. According to the Ministry of Culture and Tourism of China, the total number of domestic tourism trips during the Labor Day holiday was 274 million and the domestic tourism revenue was RMB148.056 billion, representing a year-on-year increase of 128.90%.\nSince China has eased its COVID-19 pandemic control measures, the Company believes that demand for travel has increased, and amusement parks have become attractive destinations for local families. To seize the business opportunity of China's Labor Day holiday, the Company adopted various measures to improve tourist experience and promote consumption, such as holding food festivals, circus performances and other activities. Pendulum rides, sky-high swing rides, and bumper cars remain the most popular rides in the Company's parks. The Company strives to provide visitors with immersive experiences integrating entertainment, catering, and shopping in a variety of forms.\nMs. Qiong Jin, the CEO and Chairman of the Company, commented, \"We are excited to see excellent growth during the Labor Day holiday. The recovery of the domestic tourism market and its potential are expected to lay a solid foundation for growing our business. Looking forward, we will speed up equipment upgrades and continue to innovate services to better meet the consumers' demand for entertainment.\"\nAbout Golden Heaven Group Holdings Ltd.\nGolden Heaven Group Holdings Ltd. manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities. With approximately 426,560 square meters of land in the aggregate, these parks are located in geographically diverse markets across the south of China a...