Skift Take
The Chinese will still keep traveling and they probably aren't panicking about travel as much as U.S. and European destinations are, although it seems like there's some justification to their worrying.
Some 80% of Chinese citizens aren't worrying about how the recent stock market crash in their country will affect international travel plans because they'll never have enough money to leave their country anyways.
That's the sentiment of the Germany-based China Outbound Tourism Research Institute (COTRI), which also contends that the remaining 20% (make that 280 million people) in China who can afford to travel internationally likely aren't too concerned either.
But booking data say otherwise, at least as far as Europe and the U.S. and Latin American destinations are concerned.
Outbound Chinese bookings data from travel data company ForwardKeys show bookings are up only 1% year-over-year since the Shanghai Stock Market crash in June compared to bookings made between March and June that were up 21% year-over-year. As this chart shows, bookings for Asia, Africa, and the Middle E
