ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Cirium: International Travel Resumes This Spring Festival to China’s Top International Markets of Thailand, Japan and South Korea

With the arrival of the Year of the Dragon, China’s travel sector is expected to deliver a strong performance over the Spring Festival, particularly on the international front as air capacity continues to resume, according to leading aviation analytics company Cirium.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240207747898/en/

China's Top International Destinations, 2019 to 2024 (Graphic: Business Wire)

China's Top International Destinations, 2019 to 2024 (Graphic: Business Wire)

Data from Cirium reveals that China’s top 10 international destinations have largely returned to pre-pandemic rankings, with Thailand, Japan and South Korea back at the top three positions after dipping to pandemic lows in recent years. Other interesting movements in rankings include the entry of Australia and Macau, and the absence of the United States and Cambodia since February 2019.

While overall seat capacity on China’s international routes (non-mainland) are still 27% behind pre-pandemic levels, there are three bright spots where capacity has surpassed 2019 levels. Scheduled capacity in February 2024 show Bangkok as the city with most arrivals from China, but Macau (+8%), Singapore (+6%) and Tokyo (+2%) show the largest improvements from 2019.

Recent changes in visa requirements, particularly in Southeast Asia will potentially bolster international travel from China. In recent months, Thailand has waived visa requirements while Malaysia will offer 30-day visa-free travel for Chinese citizens. Singapore has also announced plans for the same, which comes as a timely boost for Spring Festival travel.

On the domestic front, China’s seat capacity continues to perform strongly, growing 26% in Feb 2024 against pre-pandemic levels, fuelled by the addition of flights by China’s big three airlines, Air China, China Eastern and China Southern, making Guangzhou (CAN), Shenzhen (SZX) and Beijing (PEK) the busiest airports in China this Spring Festival.

About Cirium

Cirium is the world’s most trusted source of aviation analytics. Through powerful data and analytics, coupled with decades of industry experience, Cirium is enabling airlines, airports, travel companies, aircraft manufacturers, and financial institutions, amongst others, to make intelligent and informed decisions that improve operations, grow revenues, and enhance customer experiences.

Cirium is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. The shares of RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.

For further information please follow Cirium updates on LinkedIn or visit www.cirium.com.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.