CNBC: Chinese Travel Bookings Triple During Labor Day Holiday
May 05, 2021
Bookings during the May 1 to 5 holiday more than tripled from the same period a year ago, with Shanghai Disney Resort among the top 10 destinations, according to Chinese travel booking site Trip.com. “May is seen as the first (moment when) you can really see the true potential of Hainan, without any travel restrictions,” Oliver Wyman Partner Imke Wouters said in a phone interview. However, she pointed out that right now brands need to work with duty-free centers in Hainan. As a result, profitability could be up to 50% less than it would be through their own stores on the mainland.
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