China sees spike in tourism, hotel shares, airlines as some travel rules eased | Travel

Shares of hotel operators, airlines and airport operators will rise in China after the Ministry of Tourism canceled the asterisk on people’s travel history cards if their records included cities designated as moderate or high-risk areas.

Bloomberg | | Posted by Zarafshan Shiraz

China’s travel-related stocks rallied after the government announced Wednesday that it would relax some domestic travel regulations, raising expectations of the country’s economic resumption.

Shares of hotel operators, airlines and airport operators rose after the Ministry of Industry canceled an asterisk on people’s travel history cards if their records included cities designated as moderate or high-risk areas. Some local governments have imposed restrictions on visitors with an asterisk.

UTour Group Co. Huatian Hotel Group Co. with 6.6% and China Tourism Group Duty Free Corporation up 4.1%. Rose by 10%. Shanghai International Airport Co. increased by 3.2% and China Eastern Airlines Corporation by 3%.

China halved the quarantine for incoming passengers earlier this week, an even bigger change in its covid-zero policy.

This story was published by Wire Agency Feed without modification to the text. Only the title has been changed.

Close Story

Leave a Comment