Chinese Outbound Tourism Recovery Accelerates, But Still a Fraction of Pre-Covid Level
Chinese tourism activity accelerated last month (particularly outbound travel), but it remains at a fraction of pre-Covid levels -- we see no...
Shangri-La Asia (69 HK): Not yet Fully Reflected China's Comeback
Shangri-la Asia is an excellent play on recovery of China, where 55% of rooms are located. Its overseas assets will gain from surge in outbound...
Trip.com (9961 HK): The Best Is yet to Come
Trip.com is best positioned to capture revival in China's domestic and outbound travels. Booking data pointed to good forward momentum, and recent...
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