As China re-opening the border and eases the COVID restrictions, I am speculating that millions of tourists will splurge at travel companies.
Within half an hour of China’s announced policy change, searches for travel abroad surged to a three-year high, according to Trip.com Group.
As the travel volume goes back to normal due to Chinese money coming back in, I am suggesting to eye for the following companies. Moreover, the holiday season is coming for China, and people tend to spend more on travel and other activities.
Trip.com Group Limited (NASDAQ: TCOM):
Trip.com is a Shanghai-based travel service provider that offers accommodation reservations, transportation ticketing, packaged tours, corporate travel management, and other travel-related services in China and internationally.