Major Chinese airlines canceled direct flights to Iran or re-route other flights to avoid the airspaces of Iran and Iraq; UnionPay has attracted 28.5 million merchants outside of mainland China.
Buoyed by technological innovations and transformation in consumer demands, the travel sector has soared despite turbulence in the year.
Foreign travel brands need to be deeply entrenched in this market, especially considering the fact that a Chinese consumer is using a complex, digitally inter-connected network.
Traditional travel companies must throw away the tag of being a "laggard", and rather adopt an agile mindset by incubating start-ups.
Passenger number was growing slower than flight capacity in the first five months of 2019 between the world’s two largest economies.
Over the first five months of 2019, the number of Chinese mainland tourists visiting Hong Kong, Macao and Taiwan has increased 17.5%, 22.72% and 26.49% respectively compared with the previous year.
People from the eastern parts of China, especially Shanghai and Jiangsu and Zhejiang, are more curious about North Korea.
The customized travel market is likely to be more segmented. The market will desire more itineraries and products from different providers.
