The Chinese airline's rise aided by the decline of others.
Retail and hospitality businesses will miss out on $1.4 billion in tourist dollars because of the absence of cashed-up Chinese visitors for Chinese New Year.
Low-altitude tourism in China could reach 4.2 billion passengers in recent years, leading to a market size of RMB 58.5 billion (USD 8.96 billion).
Chinese Foreign Ministry said China has taken note of the UK's situation and will take appropriate measures to ensure healthy and orderly people exchanges.
Supply growth in China slowed this year even after demand improved toward pre-pandemic levels. Europe and the U.S. will likely experience a similar trend.
China has gradually opened green channel program to Germany, Singapore, Cambodia, Indonesia, Japan and other countries.
China’s "big three" airlines experienced their first month-on-month declines in domestic traffic this November.
China’s domestic travel recovery caused Hyatt, Hilton and Mariott to experience an occupancy upswing.
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