中国新兴领域-旅游行业焕发新活力-China's Emerging Frontiers-China's Travel Turning Up the Joy Dial

China's Travel: Turning Up the Joy Dial Travel is emerging as a powerful answer to China's call for people's wellbeing and happiness, echoing policymakers' push to boost service consumption, improve employment, and further open the country to the world. Demand tailwinds have strengthened our conviction in Chinese airlines and hotels. A cumulative Rmb50 trillion in revenue in five years: We expect domestic tourism spending to represent 18% of per capita consumption in 2030, vs. 13% in 2023. The 11% CAGR will ...