Travel
Chinese to Skip Flying Overseas in 2024 Even as Domestic Travel Booms
- Inbound and outbound air travel is far off pre-pandemic levels
- Country’s airlines are worst stock performers on global gauge
Appetite for international travel is limited despite steps by China to get people flying overseas, like resuming group tours.
Source: Bloomberg
China’s aviation market has been picking up as the pandemic trauma fades, relations with other countries improve and international routes expand. But many analysts are concerned about the outlook for 2024.
Despite steps by China to get people flying overseas, like resuming group tours, the appetite for international travel is limited. A sluggish economy, weaker currency and high ticket prices are among the factors keeping people at home.