It has been close to three years of suffering for our industry.
Now, the travel industry is at the brink of reaching pre-pandemic levels again.
Woohoo! So, what exactly happened?
China’s reopening of borders is accelerating travel demand.
- After nearly three years of being largely cut off from the world, Chinese authorities announced the lifting of several major Covid-related entry restrictions that took effect on January 8th.
- Among these, China has dropped quarantine requirements for all international arrivals, a significant move away from stringent zero-COVID-19 policies.
- This comes as the virus continues to spread in China amid what critics are calling a lack of transparency from Beijing.
With China’s own version of Revenge Travel well underway, global air travel capacity stood at only 7% below pre-pandemic levels this week.
