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Recent Articles

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Fortune: China's Golden Week travel below projections, signaling slow recovery in consumer spending amid economic struggles; eight-day holiday recorded 826 million trips, a 4.1% increase from 2019, with tourism revenue growing 1.5% to US$103B

Commentary: China sees massive surge in tourism and consumption during eight-day Mid-Autumn Festival and National Day holiday, indicating economic recovery with domestic tourism revenue rising 125.3% year-over-year to reach US$46.87B

IATA reports first year-over-year growth in global air cargo market in 19 months, with August demand increasing by 1.5% year-over-year; global capacity also rose 12.2% due to summer travel season

7-Eleven opens first store in Laos, via master franchisee CP ALL Laos; store is located in the capital, Vientiane, which is experiencing economic growth and a surge in tourism following the opening of the Laos-China Railway

Macy's says significantly fewer overseas tourists contributed to its 8% year-over-year decline in quarterly sales; international visitors now account for less than 2% of Macy’s sales, compared to 3% to 4% prior to the pandemic

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