Chinese tourists made up about 10% of foreign tourists in 2019, a fivefold increase from 2018 after the two countries reached an agreement on visa-free entry.
Chinese carriers are likely to see a full recovery by 2021; Beijing is mulling to cut red tape and fast-track cross-border checks with Taiwan, Hong Kong, Macao and South Korea.
Qatar Airways said it was willing to provide equity injection into Cathay Pacific if approached; China is exempting some foreign executives from travel ban.
Global airline capacity this week is up 2% to 29.8 million seats and China is leading the growth; China proposes fast-track entry for Japanese business travelers.
With regulators in Europe, America and Asia easing restrictions on travel, airline companies across the world have planned to resume some flights to China in June.
McKinsey projects that the majority of the Chinese travelers will not go on trips until the National Holiday in late September and early October.
To put that mind-boggling loss into perspective, that’s enough to pay for Shanghai Disneyland four times over.
Visitors were more enthusiastic about traveling by car as they believe it would be safer to visit wide-open outdoor sites.
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