Analysts at Morgan Stanley say foreign tourists are beginning to visit China more, paving the way for at least $2 trillion in industry revenue over the next decade. “Thirty months after China’s full reopening [from the pandemic] The analyst said in an August 19 report. Analysts view airlines as potential beneficiaries when trends in foreign visitors really take off. After ending the quarantine requirements and strict visitor restrictions in early 2023, Chinese companies were using Tencent’s WeChat or Alibaba-Affiliate mobile payment app. Inbound travel growth” versus a year ago. The firm’s analysts said they believe the trend can spill over into global business development and boost shopping in China, especially with expanded tax refund programs amid global tariffs. To play the trend, “we stay constructive on Chinese airlines considering the favorable supply side, and await the influence of the influence,” the Morgan Stanley analysts said, cautioning that the industry is still weighted down by softening domestic demand in the near term, Zippers is happening in mainland China.” He pointed out that prior to the pandemic, global companies would normally send board members to China. This is a trend that has resumed. He said it’s not now, he said, hundreds of people, mainly from the Asian region, are gathering in China for various meetings and events. Trends, China’s tourism revenues are still a long way to recover 0.5% of China’s 2024 GDP. 2019. — CNBC’s Michael Bloom contributed to this report.
