Thailand has lost its spot as the most popular cross-border destination for tourists from mainland China, according to a survey by HSBC Holdings Plc, as neighbouring Japan and South Korea moved up the list.
“Barring Hong Kong and Macau, Japan and Korea emerged as the top two preferred cross-border destinations,” analyst Parash Jain wrote in a report. “This reinforces our view that short-haul travel will recover earlier than long-haul international travel.”
The survey, conducted from Oct 28 to Nov 2, also found flight bookings are being made further in advance than they were pre-pandemic, which could reflect greater demand…