Asia’s hungry travel sector is missing a key ingredient: China
Published 16 Nov,2021 via Bloomberg News Service (Global Editions) - Asian countries anticipating a sharp tourism rebound may find that their much-awaited reopening won’t have the same boost without Chinese travelers.
China, the region’s largest source of foreign tourists pre-pandemic, requires returning residents to undergo mandatory quarantine of as long as three weeks. Alongside that and other travel hurdles, including piles of paperwork, testing and insurance requirements, any trip abroad in the new normal remains “an unattractive proposition,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp.
Amid persistent virus outbreaks across the mainland, China will likely stick with this Covid Zero strategy and patrol its borders tightly until at least the Winter Olympics in February 2022, according to Australia & New Zealand Banking Group economist Krystal Tan.
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