Tag #Spring Airlines

What is the immediate economic impact of China's recent visa-free policies on inbound tourism and related sectors?

China's recent unilateral visa-free policies have significantly boosted inbound tourism, with a 112.3 percent year-on-year surge in foreign passenger trips reaching 20.12 million in 2023. This increase is directly linked to a rise in flight ticket sales for Spring Airlines, particularly on routes to South Korea (+67 percent) and Japan (+57 percent) since November. The success highlights the potential for further economic growth through tourism.