US Customs & Border Protection Data: Northern Crossings Down, Western (Asian?) Air Crossings Firmer
US border crossing data from November 2025 shows weakness in travel activity in most regions and by most travel modes. But air crossings in the...
288 Views
Monthly Air Cargo Tracker | Conditions Improved in November | But Improvement Could Be Short-Lived
Based on a wide range of sources, air cargo market conditions in the Transpacific generally improved in November. But we believe the nascent...
170 Views
Monthly Chinese Tourism Tracker | Sudden Upturn in Domestic and Outbound Demand (December 2025)
The pace of air travel growth improved markedly in the October-November period, despite weakness in two key outbound markets. Although it's a...
1.2k Views
Trip.com Q325 Results | Revenue Growth OK | Core Margins Still Falling | Avoid
Trip.com reported Q3 results on Monday after the US close. Revenue growth was fine, but core margins continue to fall. We view the shares as...
378 Views
Monthly Chinese Tourism Tracker | Pace of Growth Slowed, Again | Golden Week? | October 2025
Chinese travel activity in September slowed, and a first look at Golden Week activity also suggests weak growth in travel and spending. We see few...
738 Views