Tourism price wars threaten to dim a rare bright spot in China's consumer spending

China's domestic tourism sector is caught in price wars, with soft demand pushing hotel room rates downward, per CNBC. Hotel revenues are falling as a result. This is significant because tourism had been among the rare bright spots in China's otherwise sluggish consumer spending.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton