29 December 2022 | Other

Chinese tourists to increase international travel as the country loosens COVID regulations

From January 8, Chinese tourists no longer have to be quarantined after returning from travel, the government announced this week. This has caused an increase in bookings in China, which has been the world's largest outbound travel market in 2019.

According to VariFlight, international flights to and from China account for only 8% of pre-pandemic times. However, carriers are trying to increase capacity as the government softens COVID restrictions on the number of flights.

By June 2023, Malaysia Airlines and VietJet Aviation hope to resume flights to China to pre-pandemic levels. Meanwhile, carriers such as Singapore Airlines and Qantas Airways have not disclosed their detailed plans. 

Morningstar analyst Cheng Wen told his clients that Chinese airlines' capacity is likely to increase significantly from the end of March. This will coincide with the beginning of the summer scheduling season.

Company MarketCheese
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
Today at 08:16 AM 4
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
Yesterday at 11:26 AM 49
Period: 15.07.2025 Expectation: 400 pips
Selling AUDUSD targeting 0.65000 amid limited growth and technical weakness
Yesterday at 10:15 AM 35
Period: 31.07.2025 Expectation: 2000 pips
Selling SPX targeting 6,050
Yesterday at 08:54 AM 17
Period: 14.07.2025 Expectation: 945 pips
Delayed tariff implementation may push silver to $35.650
07 July 2025 55
Period: 18.07.2025 Expectation: 1400 pips
Weak dollar may drive S&P 500 to 6,300
07 July 2025 54
Go to forecasts