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Travel & Leisure returns to profit as China travel rebounds

Recovery in international tourism expected to take 'a year or longer'

TOKYO -- China's Group said on Wednesday it had made a quarterly profit for the first time since the coronavirus outbreak, underlining how the travel market is bouncing back in Asia's largest economy.

But in contrast to China and other parts of the region, the online travel company said its international business -- which accounted for nearly 50% of revenue before the pandemic -- will take more than a year to recover. It warned investors of the continued uncertainty from cross-border travel restrictions.

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