Multi-sector Has the recovery in travel levelled off?

After a steady increase, the recovery in movement of people between provinces in China looks to have stalled.

21 Apr 2020
  • Travel fell sharply in year-over-year terms around Tomb Sweeping Day (April 4).
  • Movement went from being down ~25% y/y on April 1 to down ~50% y/y on April 6.
  • Traveler numbers now appear to have recovered to the plateau reached in early March.

China Provinces: Year-Over-Year Migration Growth in 2020

Source: UBS Evidence Lab