Global theme park brands target lower-tier Chinese cities next five years; Macau casino operators’ stocks rally as China quarantine lifted.
In China, the recovery observed from the second quarter onwards gathered pace quarter after quarter, resulting in a 44.2% decline in RevPAR over the year.
Japan raises concerns over China blacklist on overseas casino destinations; SAP Concur appoints general manager for Asia Pacific Japan, Greater China.
Beijing starts vaccinating general public; Hong Kong, Singapore in talks again over postponed travel bubble.
US could lose $15-30 billion a year if Chinese tourism, education spending falls; Minor Hotels taps China's growing domestic tourism.
After this transaction, Accor still owns a 3.3% stake in Huazhu and continues to be represented at the Group’s Board of Directors.
Spring Festival spending rebounds beyond pre-pandemic level; China reports zero COVID-19 high-risk areas.
RevPAR in mainland China saw a meaningful rebound through the year and was down less than 10% year over year in December.
