Relief heard across the travel sector seeing hotel bookings increase 40% in the week to March 1st, vs previous week. Even better are daily domestic flight bookings at 230% from the lowest level recorded in February.
“The overall hotel operating rate in major cities across the country is projected to reach 90% by the end of March,” Tongcheng-Elong Holdings commented, “as people returned from those areas to their workplaces in coastal areas following the extended Spring Festival holiday period.”
If Europe and the UK could follow the China pattern, even semi closely, we could (could!) see a travel and corresponding employment return before the end of this quarter.
Reservations for domestic flights and hotels in China are recovering from a coronavirus-induced slump as people return to work across the nation, online travel company Tongcheng-Elong Holdings Ltd. said.