Trip.com expects Chinese outbound travel to gain momentum in Q2
The country’s outbound travel is expected to start to pick up in the second quarter when flight capacity gradually recovers
With outbound flight capacity currently at only 15-20 percent of pre-Covid level, Jie Sun, CEO and Director of Trip.com Group hoped that the aviation industry would set in motion plans to restore flight capacity to help outbound travel pick up pace in the coming quarters.
Key takeaways
- Trip.com's air ticketing and revenue from global platforms for the fourth quarter have fully recovered to pre-pandemic level;
- Domestic hotel bookings and air booking have already passed the 2019 level,
- Hotels in China have been evolving into destinations in themselves with travelers emphasizing the quality of their accommodation.
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