A dearth of Chinese travelers is nothing to "worry about," said Banyan Tree Holdings founder Ho Kwon Ping.
"Most of us in the hospitality industry, a year or so ago, predicted that Chinese tourism would only start to rebound around maybe this year or even next year."
For Banyan Tree Holdings — which operates more than 60 hotels in 17 countries — Ho said "Chinese tourism [is] coming back quite strongly."
What's missing are the "mass group tours, which provide the numbers, but they don't come to our hotels anyway," he said.
"So you have a lot more free individual travelers … and they're the ones who can pay the higher airfares and so on."
Persons:
Ho Kwon Ping, CNBC's Chery Kang, — Ho
Organizations:
Tree Holdings, Milken, Holdings
Locations:
China