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Ushape Tag

3 Jan

What to Watch: Luxury Sector Prone to Experience U-shape

What to Watch: Luxury Sector Prone to Experience U-shape
Beijing officially ended its three-year-long strict COVID-19 rules on Dec. 26 and announced that the border will reopen by Jan 8. There will likely be no more testings and quarantines for incoming travelers and travel documents will likely be issued to the general public again. The federal government didn’t offer a transparent timeline for when Chinese tourists can travel again, nevertheless it said the authorities will “orderly resume outbound tourism for Chinese residents based on the international situation of the pandemic and the capability of all points of service.” Fifteen minutes after the news broke, searches for international flights increased by seven times on the Chinese leading booking platform Qunar. The trending destinations were Thailand, Japan and South Korea. Shares of...
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