Travel Demand Is Rebounding in China as Virus Worry Recedes

Reservations for domestic flights and hotels in China are recovering from a coronavirus-induced slump as people return to work across the nation, online travel company Tongcheng-Elong Holdings Ltd. said.

Reservations for domestic flights and hotels in China are recovering from a coronavirus-induced slump as people return to work across the nation, online travel company Tongcheng-Elong Holdings Ltd. said.

Hotel bookings in the week to March 1 surged 40% from the previous week, while peak daily bookings for domestic flights soared 230% from the lowest level recorded in February, the company said in a statement. Bookings for domestic flights in June jumped 250% in the last week of February from the previous week, indicating an improvement in consumer confidence, it said.

Read the full article
Markets & Performance Markets & Performance Asia Pacific China

Bloomberg connects influential decision makers to a dynamic network of information, people and ideas. Our strength - quickly and accurately delivering data, news and analytics through innovative technology - is at the core of everything we do. With over 15,000 employees in 192 locations, we deliver business and financial information, news and insight around the world.