"More Chinese are joining the great travel rush back to their home towns for the Lunar New Year holiday despite the spread of omicron, unleashing pent-up demand and providing a bump to oil consumption.
China expects the number of trips people make this year will be 36% higher than 2021, even as some local governments once again encouraged residents to stay put for the holiday to prevent the spread of the coronavirus. Hundreds of millions of Chinese typically travel over the festival period, jumping on planes, trains, buses and cars to see their extended families."