UBS's Farley on China Tourism Rebound

The video discusses the impact of Macau on gaming stocks, highlighting Las Vegas Sands and Wynn Resorts. It explores Chinese consumer travel trends, indicating a slow return to cross-border travel with a focus on domestic travel first. The hotel industry, particularly Marriott and Hilton, is expected to benefit from this trend. The video also examines age group differences in travel behavior and the potential global economic impact of returning Chinese tourists, with a focus on destinations like Europe and the US.

Which two US-listed companies are most exposed to Macau's gaming market?

• MGM Resorts and Caesars Entertainment

• Caesars Entertainment and Las Vegas Sands

• Las Vegas Sands and Wynn Resorts

• MGM Resorts and Wynn Resorts

What percentage of surveyed Chinese consumers plan to travel immediately post-pandemic?

• 80%

• 50%

• 25%

• 13%

What is the expected initial trend in Chinese travel post-pandemic?

• Travel to Europe

• Domestic travel within China

• Travel to the US

• Outbound cross-border travel

Which hotel chain has a larger percentage of its pipeline in China?

• InterContinental

• Hilton

• Marriott

• Hyatt

Which age group showed more hesitancy in returning to travel in the US?

• Above 60 years

• 18-24 years

• 35-44 years

• 25-34 years

Which region is expected to see a smaller percentage of returning Chinese tourists?

• Korea

• US

• Japan

• Europe

What percentage of total visitors to the US were Chinese travelers before the pandemic?

• 3-4%

• 10-12%

• 6-7%

• 15-16%