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☆ China travel rebound bets turn toward airports, away from airlines
▼ + stars: | 2023-03-23 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"We are optimistic on a rebound in regional and international travel and continue to get exposure through airports and airplane leasing." Shares of Air China, China Eastern and China Southern have gained between 7% to 17% in the past four months, with Air China and China Southern trading above their 5-year average forward earnings, according to Refinitiv data. Airports under perform AirlinesIn the battle for Chinese travelers, local airlines are expected to fare better than regional airlines such as Qantas (QAN.AX), Singapore Airlines (SIAL.SI) and Cathay Pacific (0293.HK), mainly because Chinese airlines kept more widebody planes and staff ready. All three Chinese airlines are expected to swing to profit in 2023 after reporting big losses last year, according to Refinitiv data. Analysts expect Chinese airlines will see profits peak next year as international traffic makes a fuller rebound.

☆ Chinese tourists are traveling again — but not the way they used to
▼ + stars: | 2023-03-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

That could mark a significant change in the international travel market, to which Chinese tourists are outsized contributors. In the first half of that year alone, their outbound travel spend surpassed $127.5 billion, a study from Chinese travel booking site Ctrip.com found. Chinese outbound travel is forecast to recover around two-thirds of its pre-pandemic levels in 2023. Leopatrizi | E+ | Getty ImagesBecause of those shortcomings, countries that can accommodate Chinese travelers' shifting needs have emerged as clear winners. Thailand, for instance, offers visas-on-arrival to fully vaccinated Chinese tourists who have travel insurance.

Cancel for any reason insurance is a type of travel insurance rider. What is cancel for any reason travel insurance? How much does cancel for any reason travel insurance cost? Travel Insured International Generali Global Assistance Seven Corners Cost of travel insurance $246 $262.29 $146 Additional cost of cancel for any reason insurance $108.24 $131.15 $61.32 Total cost of insurance (regular + cancel for any reason) $354.24 $393.44 $207.32 Policy cost increase as a percentage 44% 50% 42%Important: Most travel insurance companies offer free quotes on the company websites. What is the average cost of cancel for any reason travel insurance?

☆ Inflation isn't dampening people's desire to travel — but travel companies may be missing a trick
▼ + stars: | 2023-03-11 | by ( Karen Gilchrist | Chris Dwyer | ) www.cnbc.com time to read: +5 min

Inflation and higher living costs may be weighing on consumers' wallets, but there's one area where many are unwilling to cut back: their desire to travel. The number of people willing to fork out more on travel could be even higher, as costs rise. Inflation and higher living costs may be weighing on consumers' wallets, but many are unwilling to cut back on travel. Jackyenjoyphotography | Moment | Getty ImagesThe disconnect could mean travel companies might fail to provide consumers with the deals they're looking for. The United Nations World Tourism Organization said that it expects the global tourism market to recover 80% to 95% of pre-pandemic levels this year.

☆ China’s Top Online Travel Agent, Trip.com, Is Ready for Liftoff
▼ + stars: | 2023-03-07 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

Before the pandemic, Chinese tourists were the largest source of global tourism revenue. After years of being grounded with the rest of China’s travel sector, China’s top online travel agent, Trip.com , finally has taken off. Globe-trotting Chinese tourists will help it keep cruising at a high altitude. The company, formerly known as Ctrip.com, on Tuesday reported 7% year-over-year growth in net revenue last quarter. Both were better than average analyst estimates compiled by S&P Global Market Intelligence.

Generali Travel Insurance is a reputable travel insurance provider offering generous tiers of travel insurance coverage at reasonable rates. Generali Global Assistance Travel Insurance FAQsIs Generali Global Assistance a trustworthy travel insurance company? You can file your travel insurance claim with Generali travel insurance through the company's eClaims portal. Compare Generali Global Assistance Travel Insurance vs. Allianz Travel InsuranceAllianz Travel Insurance is another reputable insurance company that has been in business since 1890. Compare Generali Global Assistance Travel Insurance vs. InsureMyTripInsureMyTrip.com is an insurance broker using your travel details to collect insurance company bids on your behalf.

☆ Trip.com Group's CEO discusses what the company is doing to support women
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrip.com Group's CEO discusses what the company is doing to support womenJane Sun of the online travel firm outlines its policies with that aim, such as paying for egg freezing.

☆ This week's jobs report will help determine if this nascent March rally has legs
▼ + stars: | 2023-03-05 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ The Fed and a big jobs report could drive the market in the week ahead, as investors watch rates
▼ + stars: | 2023-03-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The seesaw-like tension between interest rates and stock prices should remain in play in the week ahead, as investors focus on comments from Federal Reserve Chairman Jerome Powell and the February employment report. There are few earnings in the week ahead, so economic data will likely be a main driver for stocks, along with the comments from Powell. The futures market is pricing in a high chance for a quarter point, or 25 basis point hike in March. Week ahead calendar Monday Earnings: WW International, ThredUp, Trip.com, Lordstown Motor, Ciena, Grindr 10:00 a.m. Initial claims 10:00 a.m. Fed Vice Chair for Supervision Michael Barr Friday Earnings: Embraer 8:30 a.m. Employment report 2:00 p.m. Federal budget

☆ Shut out from their top destinations, Chinese travelers are turning to other places
▼ + stars: | 2023-02-14 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +5 min

Chinese travelers favored Southeast Asia for trips during the Lunar New Year holidays, which ended in early February, according to Trip.com Group's Chinese language booking website, Ctrip. Overseas hotel bookings by mainland Chinese travelers quadrupled from last year too, Ctrip said. He said of the 30 million tourists Thailand is expecting this year, 12 million to 15 million may come from China. South Korea announced last week it would resume issuing short-term visas to Chinese travelers, according to Reuters. Visas aside, Chinese travelers are also worried about getting sick, said Lee.

☆ Investors turn picky in Asia after easy wins from China’s reopening
▼ + stars: | 2023-02-09 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

Herald van der Linde, HSBC's head of equity strategy for Asia Pacific, points out that travel and gaming stocks have already benefited. That has led investors to hunt for sectors and companies with depressed valuations outside China. Reuters GraphicsMSCI China Vs MSCI Asean vs MSCI Asia excluding JapanGLOBAL PUSH OR CHINA PULL? After a torrid 2022, investors have been betting that a swift recovery in China's economy will somewhat cushion the impact of a global slowdown and possible recession. "China and its reopening trade, on the other hand, are in early stages and may be the additional tailwind for Asian equities later this year."

☆ Travel companies are ‘greenwashing’ — here are 3 ways to find ones that aren't
▼ + stars: | 2023-01-29 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

But finding companies that are serious about sustainability isn't easy, said James Thornton, CEO of tour company Intrepid Travel. "You see hotels saying they're sustainable, and then you're using these little travel bottles for shampoos and shower gels," he said. "The honest truth is that every travel company is ultimately contributing towards the climate crisis," he said. "So the best thing any travel company can start to do is measure the greenhouse gas emissions it creates." Other companies with B Corp status include Seventh Generation, Ben & Jerry's, Aesop — and Patagonia, which Thornton called "arguably the most famous B Corp in the world."

☆ China looks past Covid as tourist bookings surge for the Lunar New Year
▼ + stars: | 2023-01-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — People in China are moving past the pandemic and going out to travel, preliminary data for the Lunar New Year holiday show. China's Covid "exit wave" is quickly ending as official data show a drop in infections, hospitalizations and deaths, he said. "China has been rapidly reaching its Covid herd immunity, as the government estimates about 80% of the population has already been infected with Covid." The country saw a surge in Covid infections in December, just as Beijing ended nearly three years of stringent contact tracing and border controls. The seven-day Lunar New Year, which officially began Saturday, is the first major holiday since the end of China's Covid restrictions.

☆ Here's where mainland Chinese traveled overseas for the Lunar New Year
▼ + stars: | 2023-01-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Travelers from mainland China stuck close to home in Asia during the Lunar New Year, the first holiday after Beijing relaxed its Covid-related border controls. Hong Kong and Macao were the most popular spots, said Trip.com, citing flight bookings on its platform for the first four days of the Lunar New Year. Here are the next three most popular overseas destinations for mainland travelers, according to Trip.com:3. Phuket, ThailandFlight bookings for travel from the mainland to overseas destinations during the first four days of the holiday quadrupled from a year ago, Trip.com said. However, Japan and South Korea — both popular among Chinese tourists — subsequently imposed temporary restrictions on travelers from China, including limits on visas and quarantining Covid-positive individuals.

☆ China's luxury shoppers free to travel, but many buy locally
▼ + stars: | 2023-01-26 | by ( Alessandro Diviggiano | ) www.reuters.com time to read: +2 min

As a result, Chinese residents have rushed to travel overseas. read moreDespite this, some experts argue that an increasing portion of China's luxury spending will remain inside the country's borders, even though consumers can now travel freely. "A portion (of luxury shoppers) will go back to the original pre-COVID overseas consumption," Yan said. "But, I think the local (luxury market) will be also important for most of the brands." Reporting by Alessandro Diviggiano in Sanya, writing by Josh Horwitz in Shanghai; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Want to cash in on China's reopening? Bank of America and UBS have some less obvious stock picks
▼ + stars: | 2023-01-26 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

China's unwinding of its strict Covid-19 controls has got analysts scrambling to identify reopening beneficiaries in the stock market. But there could be another way to play the reopening, with Bank of America and UBS having identified a raft of less obvious beneficiaries outside of China. UBS' stock picks Thai hospitality group Minor International is one of UBS' top picks. Within Thailand, UBS also named rail transit operator BTS Group, expressway and metro operator Bangkok Expressway & Metro, as well as Bangkok Bank as reopening beneficiaries. Student placement provider IDP Education, as well as property groups Lendlease Group and Mirvac Group also made the UBS list.

☆ Trip.com CEO shares travel outlook and trends as China reopens
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrip.com CEO shares travel outlook and trends as China reopensIn a CNBC fireside chat with Karen Tso, Trip.com Group CEO talks about the expectations of the travel industry in China as it moves to reopen.

☆ Davos 2023: Trip.com hopes China overseas travel capacity back to normal by Q3
▼ + stars: | 2023-01-17 | by ( Brenda Goh | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 17 (Reuters) - Travel website operator Trip.com Group Ltd (9961.HK) is working with airlines and airports to encourage recovery in China's cross-border travel capacity and hopes levels will return to normal by the third quarter, its CEO Jane Sun said on Tuesday. "Domestic travel for Chinese people travelling within China has already recovered to 2019 levels very rapidly," Sun told Reuters on the sidelines of the forum in the ski resort of Davos. At least one study has also pointed to some hesitancy over outbound travel among Chinese residents. The pandemic had reshaped demands from Chinese travellers, Sun said. Trip.com is one of the world's largest online travel agencies with over 400 million users, most of them in China.

"We had such a hard time, and I would rather have more Chinese people come than the government restricting their entry so I can do business." "Tour bus operators who have had their vehicles idly parked for over three years are now gearing up for (bus) inspections," said Thai Tour Bus Association President Wasuchet Sophonsatien. Thailand, Japan, the United States, South Korea, Australia, Macao, Singapore, Hong Kong and Taiwan were the most-searched destinations. Yue Hua Entertainment Korea, which manages Tempest, did not respond to a request for comment. "The pandemic outbreak on the mainland is still vigorous and needs time to recover, while domestic consumption remains weak on the mainland."

☆ Chinese travelers say new restrictions are 'unfair' — but they're angry at some countries more than others
▼ + stars: | 2023-01-10 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +5 min

But it's not out of spite, said several Chinese travelers who spoke to CNBC. 'I think it's unfair'Reactions from Chinese travelers who spoke to CNBC were varied, ranging from indifference to confusion to anger. Last week, the European Union recommended that its members require Chinese travelers to take Covid tests before entering. Rein said Chinese travelers are now headed to Singapore and Thailand because "both countries are welcoming us." Of the top destinations Chinese nationals searched after the border reopening announcement, those are the only two that haven't imposed new restrictions on incoming Chinese travelers.

☆ China’s reopening has gotten Wall Street excited. Here’s how the pros are playing it
▼ + stars: | 2023-01-10 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Over the past week, a host of Wall Street banks have turned increasingly bullish on the world's second-largest economy and have upgraded their outlook on Chinese stocks. Morgan Stanley expects China's GDP to grow by an "above-consensus" 5.4% in 2023, on the back of a "fast-tracked" reopening and more proactive policy easing. Meanwhile, UBS says Chinese stocks look increasingly attractive. How to play the reopening Against this backdrop, analysts have named a slew of both Chinese and global stocks they think will benefit most from China's reopening. Bank of America's domestic reopening beneficiaries include consumer stocks such as alcoholic beverage makers Kweichow Moutai and Tsingtao Brew , airline stocks including China Southern Airlines , as well as online travel platform Trip.com .

☆ How the end of China's travel lockdown could boost online retail powerhouses like Shein
▼ + stars: | 2023-01-09 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

As of January 8, Chinese citizens may travel out of the country freely for the first time in years. The change could boost Chinese e-commerce powerhouses like Shein and Alibaba. Though there are plenty of dedicated cargo flights in and out of China, more than half of air cargo worldwide travels in the belly of passenger planes. Chinese online retailers stand to benefit even more, said Brian Bourke, chief commercial officer of Seko Logistics, a freight forwarding company that manages transportation for Shein, among other US and Chinese e-commerce giants. Cheaper air cargo rates are likely to encourage even more investment in speed from Shein and others.

Although international travel may not return immediately to pre-pandemic levels, companies, industries and countries that rely on Chinese tourists will get a boost in 2023, according to analysts. Elsewhere in the world, Cambodia, Mauritius, Malaysia, Taiwan, Myanmar, Sri Lanka, South Korea and Philippines are also likely to benefit from the return of Chinese tourists, according to research by Capital Economics. Saxon said he expected China’s outbound international travel to fully recover by the year end. “Generally, individuals are pragmatic and countries will welcome Chinese tourists due to their spending power,” he said, adding that countries may remove restrictions quickly when the Covid situation improves in China. “It will take time for international tourism to get going, but it will come rushing back, when it happens.”

Meanwhile, World Health Organization officials met Chinese scientists on Tuesday amid concerns over the accuracy of China's data on the spread and evolution of its outbreak. China reported five new COVID-19 deaths for Jan. 3, compared with three a day earlier, bringing the official death toll to 5,258, very low by global standards. British-based health data firm Airfinity has said about 9,000 people in China are probably dying each day from COVID. Bookings for international flights from China have risen by 145% year-on-year in recent days, the government-run China Daily newspaper reported, citing data from travel booking platform Trip.com. But there are signs that an increase in travel from China could further spread the virus abroad.

☆ Alibaba, other China ADRs surge as Ant Group capital plan approval fuels hope for relaxing scrutiny
▼ + stars: | 2023-01-04 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Alibaba has faced growth challenges amid regulatory tightening on China's domestic technology sector and a slowdown in the world's second-largest economy. Chinese tech stocks that trade in the U.S. jumped Wednesday morning after Chinese officials approved an expanded capital plan from Ant Group. U.S.-listed shares of Alibaba jumped more than 6% in premarket trading after the news, as did stock of JD.com . The moves come as investors are seeing signs of a more relaxed Chinese regulatory environment. Correction: Chinese tech stocks that trade in the U.S. jumped Wednesday morning.

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