China's travel market isn't rebounding to pre-pandemic level just yet
Travel overseas is unlikely to pick up until the next public holiday in early April
This year, many more Chinese will finally be able to travel overseas. The country is restoring the ability of Chinese citizens to go abroad for leisure, after tightly controlling the mainland borders for almost three years.
Key takeaways
- The travel season for China’s big holiday runs this year from Jan. 7 to Feb. 15, with 2.1 billion trips expected - 70% of 2019 levels;
- Most trips will likely be for visiting family, while just 10% will be for leisure or business travel;
- Overseas travel should pick up until April, when people will have been able to process their passport applications, says UBS Securities.
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