Travel & Holidays
Slowly but surely, Chinas travel economy is recovering. This is the current situation.


By Kajal Sharma - 25 Jan 2024 06:47 PM
Even after China opened its borders in the wake of the pandemic more than a year ago, domestic travel is still more common than foreign travel.Following three years of Covid seclusion, China reopened its borders in 2023, and since then, domestic travel has flourished and high-speed rail has gained popularity. However, foreign travel to and from the nation is falling behind, and the number of available flights is still just one-third that of the pre-pandemic levels. High financial stakes are involved. The United Nations World Tourism Organization states that prior to the epidemic, 20 percent of all tourism expenditures worldwide was attributed to Chinese tourists.
The Chinese government has made an effort to encourage increased foreign tourism in the last year. Changes include China waiving travel visas or extending the period of visa-free travel for citizens of eight nations, including France and Germany.China's economy will remain the primary barrier preventing Chinese citizens from traveling abroad. The epidemic has not stopped growth, but the impact of a sharp decline in the real estate market has reduced confidence and consumer spending in China. Global geopolitical tensions continue to be a volatile factor. Europe and the United States, which are home to numerous significant multinational corporations, and China are embroiled in trade conflicts. Travel suffers as they reconsider doing business in China.