So I've been playing for about 2 hours and 20 minutes now (as in this evening). Well, I say play, I've spent 2 hours out of those 2 hours 20 in queue. My NAT is open and my connection in game is always good, so I know it's not me. Meanwhile the little white text in the corner says "High Activity", ****ING! LIES!
I live in central Europe in a central area, so my connection to the surrounding world is great; other PVP game finds me other people just fine. For Honor seems however to have a hard time grasping this notion.
Basically: Fix the matchmaking