China's tourists recovery faster in Malaysia, Singapore than Vietnam, Thailand: Maybank IB
7 days ago
KUALA LUMPUR: Malaysia, Singapore and the Philippines will be more modest beneficiaries of China's revenge travel than Thailand, among the Asean-6 countries.
Maybank Investment Bank Bhd (Maybank IB) said the recovery in China tourists up to late 2022 had been faster in Indonesia (14 per cent of pre-pandemic) and Malaysia (11 per cent), and slower in Vietnam (three per cent) and Thailand (five per cent).
"Asean has broadly avoided stringent requirements targeted at China tourists, and will likely benefit from the diversion of China tourists away from South Korea, Japan and Australia, which imposed more stringent rules," Maybank IB said.
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