Tourists visit the shopping district of Ratachaprasong, Bangkok. (Photo: Somchai Poomlard)
SINGAPORE: Investors hoping to cash in on a boom in Chinese travel after nearly three years of coronavirus pandemic lockdowns are shifting into airports, hotels and duty-free operators and away from airlines subject to fluctuating fuel prices and more intense competition.
The first wave of bullishness as China began abandoning its zero-Covid policy in December lifted airline stocks and online travel agencies like Trip.com Group Ltd.
But with global airlines being slow to add capacity to connect China with the United States and Europe and Chinese travellers preferring trips closer to home, a new set of stocks is benefiting.
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