More new group tour destination resumptions are positive for China's tourism sector. Fosun Tourism and China Travel International have seen strong 1H23 earnings, and Air China is another beneficiary.
Boomeranged on Fri, 1 Dec 2023 08:06
China's recent policy to allow visa-free travel for citizens from France, Germany, Italy, the Netherlands, Spain, and Malaysia for up to 15 days between Dec 2023 and Nov 2024 is an initiative to support the tourism industry. In return, Malaysia has granted Chinese visitors 30 days of visa-free access starting Dec. These are positive moves that will boost the outlook of China's travel companies.
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