Japanese and South Korean shares surge on return of Chinese tour groups
FT headline
So should SE Asian markets because China is moving to scrap pandemic-era restrictions on overseas group travel to 78 countries.
The Yellow Peril and now the big spenders.
The average Chinese visitor spent 42 per cent more than that from the US and more than double that from Japan, according to the Korea Tourism Organisation.
As the Japanese tour operators commented, they may come but since they are not spending in their own country, they won’t be spending much here.