China travel spending stays bright spot, BofA survey says
BofA Securities says China travel spending remains a bright spot amid tepid consumer demand. In its survey, more than half of respondents took or booked more overnight trips than last summer.
China's travel spending remains a bright spot amid tepid consumer demand, according to BofA Securities in a research note. "More than half of the survey respondents took or booked more overnight trips than last summer," the bank says, citing its own survey.
Travel demand was also led by higher-inco…