China Outbound Travel to Spike in Early May

• Fitch Ratings said China’s domestic travel has seen a significant uptick in the first quarter of this year and is likely to gain momentum in the second quarter.
• Trip.com said the first round of outbound travel fever in China is coming ahead of the May Labor Day.
• The construction of Galaxy Entertainment’s Raffles at Galaxy Macau and Andaz Macau, as well as the resort of the phase 3 hotel project for the Cotai casino, is basically complete.

Fitch Ratings said China’s domestic travel has seen a significant uptick in the first quarter of this year and is likely to gain momentum in the second quarter. They believe leisure travel in China continues to rebound but outbound travel remains much lower than before the pandemic levels as flight capacity is still limited. Fitch said business travel demand […]