Has China’s reopening lived up to the travel industry’s expectations?
The recovery of business travel between Europe and China might be proving slower than anticipated by some forecasts
The majority of corporates expect their travel volumes to have reached pre-pandemic levels by the end of 2023, according to one recent survey, but a separate study earlier this year revealed contrasting views on the last international market to reopen to the world – China.
Key takeaways
- While China’s re-emergence from the pandemic could see a welcome boom in business travel across the APAC region, other regions may benefit less;
- Despite China’s domestic flight capacity just surpassing levels from March 2019, international air seat capacity had recovered to just 30 per cent of pre-pandemic levels, by the end of March;
- Seat capacity between Europe and China this May remains 56% down on the same month in 2019.
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