Asia Departures Climb as China Celebrates Dragon Boat Festival

We track scheduled flights (what’s planned) and tracked flights (what took off) from a sample of the largest airports across the world.

Global Departure Update

Looking at data up to 26 June 2023:

- Global departures keep rising at an average of 127.7k a day, 4.3% above 2019 levels (Chart 1).

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We track scheduled flights (what’s planned) and tracked flights (what took off) from a sample of the largest airports across the world.

Global Departure Update

Looking at data up to 26 June 2023:

Global departures keep rising at an average of 127.7k a day, 4.3% above 2019 levels (Chart 1).
The China Dragon Boat Festival saw tourism numbers above pre-Covid levels (Chart A). However,the 10.4% increase from 2019 levels fell short of the 19.1% increase seen for the May Day holiday. Moreover, spending at the festival was lower than in 2019 (-5.1%) while it was on par with 2019 at the May Day holiday (Chart B). Departures across Asia increased +1.2% WoW, led by Shanghai airport (+4.6% WoW).
European departures continued to trend higher. American departures remain comparatively lax, with the weakest increase through 2022 and 2023 (Chart 2).

Information on long-term movements in flight data is available below.

China

Japan

Hong Kong

South Korea

Singapore

Thailand

US

UK

Italy

Spain

Germany

France

Canada

Bilal Hafeez is the CEO and Head of Research at Macro Hive. He spent over 20 years at top global banks such as JPMorgan, Deutsche Bank and Nomura leading teams in FX, rates and cross market research.

Ben Ford is a Researcher at Macro Hive. Ben studied BSc Financial Mathematics at Cardiff University and MSc Finance at Cass Business School, his dissertations were on the tails of GARCH volatility models, and foreign exchange investment strategies during crises, respectively.

Photo Credit: depositphotos.com

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

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Flight Tracker

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Flight Tracker

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Flight Tracker

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Flight Tracker

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Asia Departures Climb as China Celebrates Dragon Boat Festival

Global Departure Update

Global Departure Update

China

Japan

Hong Kong

South Korea

Singapore

Thailand

US

UK

Italy

Spain

Germany

France

Canada

Bilal Hafeez is the CEO and Head of Research at Macro Hive. He spent over 20 years at top global banks such as JPMorgan, Deutsche Bank and Nomura leading teams in FX, rates and cross market research.

Ben Ford is a Researcher at Macro Hive. Ben studied BSc Financial Mathematics at Cardiff University and MSc Finance at Cass Business School, his dissertations were on the tails of GARCH volatility models, and foreign exchange investment strategies during crises, respectively.

Photo Credit: depositphotos.com

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Asia Departures Climb as China Celebrates Dragon Boat Festival

Global Departure Update

Global Departure Update

China

Japan

Hong Kong

South Korea

Singapore

Thailand

US

UK

Italy

Spain

Germany

France

Canada

Bilal Hafeez is the CEO and Head of Research at Macro Hive. He spent over 20 years at top global banks such as JPMorgan, Deutsche Bank and Nomura leading teams in FX, rates and cross market research.

Ben Ford is a Researcher at Macro Hive. Ben studied BSc Financial Mathematics at Cardiff University and MSc Finance at Cass Business School, his dissertations were on the tails of GARCH volatility models, and foreign exchange investment strategies during crises, respectively.

Photo Credit: depositphotos.com

Enter your email to read this Macro Hive Exclusive

Your comments

Cancel reply

Like these insights? Join our free newsletter for regular updates and trade ideas.

Like these insights? Join our free newsletter for regular updates and trade ideas.

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