China’s travel recovery ‘slower than expected’
China's travel recovery is proving "slower than expected" with outbound leisure travel "not considered safe", business services giant McKinsey has reported.
He said: "Chinese consumer optimism about economic recovery stands out." More than half (53%) of Chinese consumers expected China's economy to recover in McKinsey research in late May.
However, just 4% said they expected to travel more post-Covid than before, with 36% expecting to travel less.
Paxton also warned: "Business travel is not likely to return to its previous level. We see a structural shift in business travel. Maybe 20% is not coming back."