In Greater China, RevPAR declined more than 50% compared to 2019 because of lockdowns in many major cities.
The new hotel could be ready to open as soon as the end of the third quarter.
Airbnb reported net income of $379 million, up from a loss of $68 million in the year-ago quarter.
The strategy aims to take Hotelbeds' position on ESG to the next level and galvanize our commitment to making travel a force for good.
Q1 RevPAR exceeded pre-COVID levels for the first time.
Hilton opened 91 hotels worldwide and achieved net unit growth of 13,300 rooms.
The group is counting on rate and net-unit growth to stay competitive and afloat amid the myriad headwinds still facing the hotel industry.
The overall aim is to leverage the regional expertise of both hotel groups to enable the development of their respective brands within China and Southeast Asia.