Travel is the 'least recession-prone sector' for countries that are late in reopening, says HSBC
A recession would have less of an impact on travel in China, compared with countries that reopened earlier, such as the United States and India, according to Parash Jain of HSBC.
Jain stated that many people had been waiting to travel, and will continue to do so until they feel secure. Jain stated that many people are waiting to travel, and will continue to do so until they feel secure. Jain, of HSBC, says that a recession would have less impact on travel in China than it would for countries like the United States and India which reopened earlier.