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China Travel to Boom When Border Opens: Samsonite CEO

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WATCH: Kyle Gendreau, CEO at Samsonite International, discusses the company’s business strategy and expansion plans.Source: Bloomberg

Chinese international travel is set to boom when the nation’s borders finally reopen, according to the chief executive officer of luggage maker Samsonite International SA.  

“The real hold back for China unleashing will be international travel, which is still down 95%,” Samsonite chief Kyle Gendreau said in an interview with Bloomberg Television on Friday. “When that releases, the Chinese consumers’ pent-up demand for travel will be the same as we’ve seen everywhere else in the world and when it does open I expect it to really open with a boom.”