Trip.com Group CEO Tells Davos Leaders Global Travel for China Will Be Back by Third Quarter
Staff, 2023-01-18 06:00:00,
Online travel agency Trip.com Group hopes that cross-border travel capacity for China will be back to normal by the third quarter of this year.
Since the announcement of the removal of border entry restrictions in China on December 26, Trip.com Group has noted a huge increase in search and volume of travel bookings.
On December 27, bookings for outbound flights from Singapore to mainland China jumped by 310 percent in just a day, according to Trip.com Group’s Chinese language platform, Ctrip.
From January 1 to January 10, cross-border air ticket searches surged 229 percent year-on-year, whilst the order volume increased by 289 percent year-on-year, according to Ctrip data.
Speaking this week at a session on “China’s Next Chapter” at the World Economic Forum at Davos, Trip.com Group CEO, Jane Sun, said domestic travel in China now exceeds 2019 levels, while international travel booking from countries outside China have witnessed three-digit growth.
“The most challenging piece is cross border transactions to and from China,” Sun said adding that the group has been coordinating with airline partners, hotels and airports to make sure they have a recovery plan in place while ramping up capacity.
Sun hoped that capacity would be around 30 percent in the first quarter 60 percent in the second quarter, and would normalize by the third quarter.
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