Chinese resorts benefiting from pent up demand but international leisure destinations will gradually pick up

China's COVID reopening unleashed nearly 3 years of pent up business and international travel demand. So far, domestic travel has dominated the recovery as international travel has been hampered by passport and visa frictions. Nathan Gee believes that as these constraints ease international travel can recover to 50-60% of normal by year-end. Shaun Kelley explains that while Chinese tourism remains fairly small for the US, gaming markets like Las Vegas could benefit and recovery incrementally helps LA and SF, markets which have recovered more slowly than others.

 

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