Flights resume for investors, researchers and business negotiators but strict controls await visitors in Japan.
Huazhu is now worth USD 16bn, behind only Marriott and Hilton Worldwide among the world’s listed hoteliers.
The domestic hotel market is leading the overall recovery, uplifting the entire travel sector in China. Trip.com Group’s accommodation revenue in Q3 was USD 365 million, a 98% increase from the previous quarter.
The OTA-owned hotel chain now operates more than 160 hotels that have over 20,000 rooms in total, as well as 10 million registered users.
GreenTree Hospitality registers 8.6% drop in revenues; Meituan bounces back in Q3, witnesses peak daily GTV across main businesses.
The company will work on securing boutique and diversified inventory in addition to sourcing deals of mass popularity.
RevPAR was down by 19.8% year-over-year.
The change extended Delta’s rebuilding of China service.
But if Marriott was going to get into the space, it would be with a product that could live up to company standards.
While they offer similar services and are global players, the two rivals are stronger in different geographies, which has also shaped the crisis's impact on their business.
Scheduled capacity for the first quarter stands at just over one billion seats compared to 1.2 billion for this year; a shortfall of just 18%.
Reaching a valuation in that range would be an accomplishment for Airbnb officials in a year their business.
NC2 Media owned the travel publisher for about seven years, but struggled to find a footing for the company during the digital age.
In fact, the Top 10 Domestic Routes connect just 5 cities – Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu.
It's all about “rebalancing supply and demand”.
The acquisition will broaden the reach of Oracle Hospitality’s cloud-based property management system.
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