Australians Increasingly Traveling Abroad

• China’s southern city of Shenzhen has three neighborhoods that are the latest to be locked down due to the spread of Covid.
• June data from the Australian Bureau of Stations reveals outbound travelers are growing at almost three times the rate of inbound as Australians continue to flock overseas.
• Macau’s hotel occupancy rate fell by -25.6 percentage points year on year on July to 38.1%. That was down a percentage point from June.

China’s southern city of Shenzhen has three neighborhoods that are the latest to be locked down due to the spread of Covid. One of those is Huaqiangbei, a busy shopping area home to thousands of stalls selling computer components, mobile phone parts and microchips. The lockdown in the three neighborhoods in Futian district, right now […]