Shanghai recorded 10.98 million visits by tourists during the seven-day Chinese Lunar New Year holiday, reaping a tourism revenue of 17.7 billion yuan (US$2.78 billion).

Under the "staycation" trend, hotels in the city witnessed an accommodation boom by local residents during the holiday, as their average occupancy rate hit 40 percent, up 5 percentage points from the same period last year, according to the Shanghai Administration of Culture and Tourism.

Nearly 500 cultural and tourism activities such as riddle guessing and lantern fairs were staged citywide, enabling residents to savor the traditional Chinese Spring Festival flavor, the administration said.