China’s economy has been battered by a property crisis and weak financial markets in recent times. Chinese tourists, however, are embracing travel like never before, and the tourism boom could boost the fortunes of the country’s home-grown travel solutions provider, Trip.com (NASDAQ:TCOM) (HK:9961).
In fact, tourism trends in China are so robust that spending on travel is set to exceed pre-COVID-19 pandemic levels for the first time this year. According to the World Travel and Tourism Council, Chinese holiday-goers are expected to spend around 1.8 trillion yuan on international trips this year. Their travel to neighboring destinations is set to reach 6.79 trillion yuan, as per Oxford…
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