Known for his balanced perspective, Booking Holdings’ CEO Glenn Fogel believes that one shouldn’t expect immediate rebound despite emerging developments around vaccines.
Hilton’s research reaffirms Chinese demand and enthusiasm for travel, indicating the growing optimism for the domestic travel market.
Globally, Emirates Airline has a strong lead over other airlines with a Safe Travel Score of 4.4 out of 5.0.
International tourist arrivals in the APAC region declined by more than 75% in the first eight months of 2020.
Separately, Hong Kong officials are still in the midst of talks with their Guangdong counterparts over a delayed plan to reopen borders with the mainland.
Singapore and China agreed in May to create a fast lane for essential business and official travel, which initially applied to six Chinese provinces and municipalities.
In September, 70% or better occupancy levels were registered in key China markets such as Sanya, Shenzhen, Chengdu and Xi’an, and these markets were showing year-over-year growth in the metric.
The nations are looking to revive their coronavirus pandemic-hit economies, the world's second and third largest, through a restart of two-way business travel.
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