"Unlimited" flight-pass programs face online backlash; Jin Jiang's Louvre Hotels launches extended-stay hybrid in Europe and China.
Since December 31, 2020 and up to March 31, 2021, Trip.com Group has made or proposed to make investments in OTA, virtual bank, hotel management, car service and hotel.
The company said it managed to significantly reduce the pandemic impacts on business and ensure steady development.
TravelSky net profit plunges 85% in 2020; Tongcheng-Elong acquires a corporate travel firm.
State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name; Shanghai denies implementing mandatory registration for travelers to city.
In 2020, Jin Jiang had around 13% of its revenue from overseas markets, down from the 20% overseas share in 2019.
Singapore, China are discussing travel resumption; Hong Kong’s travel bubble hopes for Singapore, Australia depend on pandemic control, vaccination.
State-owned travel conglomerate CTII posts 56% drop in revenue; Singapore mulls over launch of air travel bubble with Hong Kong.