We could be looking at some 48 million scheduled seats a week in December this year.
Shanghai hotel occupancy hit post-COVID high; Fosun Tourism posted 50% drop in half-year revenue.
Under the new rules, they won’t be able to board their flights without a negative test result.
The service will be expanded to other domestic air hubs such as Beijing, Guangzhou and Shenzhen in Guangdong Province as well as Chengdu in Sichuan Province.
Pinduoduo ventured into hotel business, taking on Trip.com and Meituan; Beijing tightened regulations on urban home-sharing business.
Attractive prices have always been the “primary reason” for the success of low-cost carriers in Asia.
The report estimates the three carriers’ combined losses will be about 21% lower quarter on quarter.
Singapore relaxed coronavirus travel restrictions for China; Chinese visitors to Thailand dropped from over 10 million to 1.2 million.
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