China reopens international travel by helping travel stocks.

In a statement to the World Economic Forum on Tuesday, Chinese Premier Li Keqiang indicated that China will continue opening-up policies, including the resumption of international travel.

According to the Chinese state media, the prime minister found to become Opening face again He cited improvements in China’s visa and Covid screening policies, cross-border travel and international flights. Post-Covid reopening has been called by senior Lee a “fundamental national policy”.

The reopening of international travel will not only benefit China and key industries such as Macau, but also travel and retail stocks that depend on Chinese tourists. In fact, Chinese tourists spent more than $250B on overseas travel in 2019, bolstering many tourist-facing industries such as hotels, airlines, cruise lines and luxury retailers. Thus, the return of high-spending tourists after stays of more than two years can be beneficial to many of the same industries.

A positive sign in China may have added another ray of optimism to a broader rally in consumer discretionary stocks on Tuesday.

Macau Casino Stocks: Wynn Macau (OTCPK: WYNMF) (OTCPK: WYNMY), Wynn Resorts (WYNN), Sands China (OTCPK: SCHYY) (OTCPK: SCHYF), Las Vegas Sands (LVS), MGM China (OTCPK: MCHVF) (OTCPK:MCHVY) MGM Resorts (MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF) (OTCPK:SJMHY), Melco Resorts and Entertainment (MLCO), Studio City International (MSC).

Travel stocks: Trip.com ( TCOM ), China Eastern Airlines ( CEA ), Royal Caribbean Cruises ( RCL ), China Southern Airlines ( ZNH ), Huazhu Group Limited ( HTHT ), United Airlines ( UAL ), Greentree Hospitality ( GHG), Intergroup Corporation (INTG), American Airlines Group (AAL), TripAdvisor (TRIP), Delta Air Lines (DAL), Expedia Group (XPE), Norwegian Cruise Line Holdings (NCLH), Carnival Corporation (CCL); Despegar.com ( DESP ), Hilton Grand Vacations ( HGV ), Travel + Leisure ( TNL ), Booking Holdings ( BKNG ), Playa Hotels & Resorts ( PLYA ), Marriott International ( MAR ), and Airbnb ( ABNB ), among others.

Read more on Airbnb’s exit from China.