Travel demand rebounds in China as virus worry recedes

Some Chinese airlines are offering tickets at what are known colloquially as cabbage prices as they start restoring seat capacity following drastic cuts enforced by the coronavirus. - AP

BEIJING (Bloomberg): Reservations for domestic flights and hotels in China are recovering from a coronavirus-induced slump as people return to work across the nation, online travel company Tongcheng-Elong Holdings Ltd. said.

Hotel bookings in the week to March 1 surged 40% from the previous week, while peak daily bookings for domestic flights soared 230% from the lowest level recorded in February, the company said in a statement. Bookings for domestic flights in June jumped 250% in the last week of February from the previous week, indicating an improvement in consumer confidence, it said.