China's Not Yet Having a V-Shaped Travel Recovery
Skift Take
- Reuters published an article on how the hoped for, fast out of the gate, revenge travel by the Chinese following the demise of Zero-Covid has not occurred. Instead of a stampede, it has been more like a fast walk.
- South Korea and Australia were left off the next list of 40 countries to which China will resume outbound group tours as of tomorrow.
- Macau authorities are easing measures for entry to mainland China for visitors coming from Hong Kong, aimed at further improving circulation between the SARs and the mainland
Reuters published an article on how the hoped for, fast out of the gate, revenge travel by the Chinese following the demise of Zero-Covid has not occurred. Instead of a stampede, it has been more like a fast walk. Reuters described Chinese consumers as returning to hotels, restaurants and some shops, but they are choosy about what they buy. Beijing had expected domestic demand to stimulate the economy. Other countries, once they got over the fear of Covid, laid out the red carpet, expecting their hotels to be filled again. Neither have occurred. Nomura said the V-shaped spending recovery that the US and other countries saw immediately after Covid restrictions were lifted will not happen with the Chinese and markets should curb their enthusiasm.
South Korea and Australia were left off the next list of 40 countries to which China will resume outbound group tours as of tomorrow. Vietnam and Nepal were included. The latest list of 40 countries also excludes Japan and the United States. That will make a total of 60 countries that can take part in the resumption of outbound group tours and ‘air ticket + hotel’ business for Chinese citizens.
Macau authorities are easing measures for entry to mainland China for visitors coming from Hong Kong, aimed at further improving circulation between the SARs and the mainland and encouraging more multi-destination tourism. Individuals entering Macau from Hong Kong are now allowed to
