Travel Industry Outlook for 2021

The transcript discusses the impact of COVID-19 on the travel industry, highlighting the decline in domestic and international travel. It explores recovery trends, noting optimism for spring and summer. Adjustments in travel offerings, such as local travel and staycation deals, are detailed. The potential for a Hong Kong stock listing is also discussed, aiming to broaden investment and resources.

What was the state of domestic travel in China during the initial COVID-19 outbreak?

• It was unaffected by COVID-19.

• It was at 50% of pre-COVID levels.

• It was at 100% of pre-COVID levels.

• It was higher than pre-COVID levels.

What is the general sentiment about the travel sector's recovery in China?

• Uncertain due to lack of data.

• Indifferent as the situation is stable.

• Optimistic due to controlled outbreaks.

• Pessimistic due to ongoing outbreaks.

What strategy did businesses adopt to cope with the travel restrictions?

• Promoting long-distance travel.

• Encouraging local travel and staycations.

• Halting all travel-related activities.

• Focusing on international travel.

What potential financial move is being considered to expand resources?

• Listing on the New York Stock Exchange.

• Listing on the Hong Kong Stock Exchange.

• Merging with another company.

• Issuing more shares in China.

What type of travel packages are being offered to attract customers?

• Long international trips.

• Short distance hotel packages and staycations.

• Adventure travel packages.

• Expensive luxury cruises.