NEW YORK, Aug. 26 (Xinhua) — China’s domestic tourism, a key indicator of retail spending, is on track to make a comeback from the pandemic lows, CNBC has reported.
The increase in holiday bookings has indicated that tourism spending would be recovering in the second half of the year, Fitch Ratings was quoted as saying on Aug. 15.
This buoyancy comes after tourism revenue in China hit a trough in the first half of 2022 and fell by nearly half compared to the same period in 2019…