From NASDAQ:

1. China’s outbound airline capacity in 2023 stood at just 60% of 2019 levels, indicating a substantial decrease in foreign tourism despite lifted pandemic measures.

2. In 2023, the U.S. welcomed just 850,000 Chinese visitors, a fraction of the 2.83 million visitors in 2019, leading to significant declines in global tourism revenue.

3. China’s economic slowdown and the restriction of U.S./Asia flights due to the Russia-Ukraine conflict have further impacted China’s travel sector.

4. According to analysts at Bank of America, airlines like Delta Air Lines are facing lower capacity for flights from China to North America compared to flights to Europe.

5. Hotel groups like MGM Resorts International and Marriott International are already seeing losses due to the decline in Chinese visitors to the U.S.

6. The luxury goods sector may also experience negative effects as foreign travel by Chinese consumers decreases, causing a 6.5% drop in the Roundhill S&P Global Luxury ETF.



Read more: China’s Post-Pandemic Pullback: A $129-Billion Blow To Global Tourism Sector