News Snapshot:
Trapped within their borders, Chinese consumers are channelling their overseas travel budgets to more frequent and longer domestic holidays as well as premium accommodation with add-ons. Speaking on a panel at the annual Hotel Investment Conference Asia Pacific 2020 last week, Shimao Group’s vice president, Tyrone Tang, shared his observations that domestic travel is no longer confined to public holidays, and instead is taking place every weekend. Cub Med’s winter packages were snapped up in minutes; Club Med Beidahu pictured Compared to pre-pandemic times, the Chinese are vacationing more within their home region, indicating a preference for nearby, accessible destinations....
