Business
Golden Heaven Group Holdings Ltd. Announces Approximately 10% Year-on-Year Traffic Growth during China's 2023 Mid-Autumn Festival and National Day Holidays
NANPING, China, Oct. 23, 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, Oct. 23, 2023 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the \"Company\" or \"Golden Heaven\") (Nasdaq: GDHG), an amusement park operator in China, today announced that its five operational amusement parks attracted approximate 86,000 visitors during the 2023 Mid-Autumn Festival and National Day holidays, spanning from September 29, 2023 to October 6, 2023 (collectively, the \"Holidays\"). The National Day holiday and Labor Day holiday are considered two of the annual \"Golden Week\" holidays in China, along with the Chinese New Year holiday. Despite the temporary closure of Mangshi Jinsheng Amusement Park, which was a strategic decision to explore the future business development of such park, and the impact of rainy weather at some park locations during the Holidays, the number of visitors at the five amusement parks in operation continued to show growth, marking a 10% year-on-year increase and 146% growth over the 2023 Labor Day holiday in China.\n\nAmong the amusement parks in operation, Yuxi Jinsheng Amusement Park witnessed a significant increase in the number of visitors to 15,000 during the Holidays, representing an increase of approximately 50% over the same period last year. During the Holidays, the visitor traffic also rose by 25% year-on-year to 15,000 in Tongling West Lake Amusement World, while the number increased modestly by 7% year-on-year to 30,000 in Yueyang Amusement World.\nSuch growth is attributable to the increasing demand in China's culture and tourism industry. According to the Chinese Ministry of Culture and Tourism, approximately 826 million domestic trips were made over the Holidays, rising by 71.3% compared with the same period last year, and rising by 4.1% compared with the pre-pandemic level in 2019.\nMs. Qiong Jin, the CEO and Chairman of the Company, commented, \"We are excited to share with you our thriving business performance during the Holidays. We continue to cater to the rising demand in China's tourism and entertainment industry, and strive to deliver our services with our abundant resources and well-trained personnel. The construction of three additional amusement parks in the south of China is underway. Going forward, we expect to continue to optimize our business model and services, expanding the size of our parks, and diversifying our service offerings. Our obje...