BC Card "Movie and Performance Sectors Sales Up 354% Compared to 3 Years Ago"

Culture, Leisure, and Shopping Increase While Education and Transportation Decrease

Sales in cultural sectors such as movies and performance venues increased by 354% compared to 2020, when they were hit hard by COVID-19, according to a recent survey.

On the 17th, BC Card's 'ABC Report' stated that last month, sales in major domestic industries rose by 1.2% compared to the previous month. This marks a consecutive two-month increase following a 9.5% rise in March.

Specifically, among seven major industries, sales in Pet/Culture (8.7%), Leisure (7.5%), Shopping (2.8%), and Medical (0.6%) increased, while sales in Education (-7.0%), Transportation (-2.4%), and Food & Beverage (0.6%) decreased.

The cultural sector, which showed the highest growth rate, saw sales increase by 24% compared to the previous month and by 47% compared to the same month last year. Notably, sales rose by 354% compared to April 2020, when the sector suffered a decline due to the impact of COVID-19.

Leisure sector sales increased by 7.5% compared to the previous month, attributed to accommodation reservation payments ahead of Parents' Day and Children's Day.

Sales in the fuel sector sharply declined by 20.5% compared to the same month last year, reflecting the significant drop in the average fuel price in April (1,640 KRW) compared to a year earlier (1,976 KRW).

Meanwhile, the education sector experienced a sales decrease for two consecutive months, reflecting the unique characteristic of prepaid expenses for academies and other institutions just before the start of the new semester (February).

Woo Sang-hyun, Head of BC Card's New Finance Research Institute (Vice President), said, "With the government's declaration of the end of the COVID-19 pandemic, people will return to pre-COVID-19 daily life starting next month, improving the business environment for merchants who have faced difficulties. We will continue to discover various content that can support government policies such as revitalizing the domestic economy."

This content was produced with the assistance of AI translation services.