China remains key to the company's operation while Huazhu will continue its investments for international expansion.
Trip.com worked with Dutch channel technology firm to grow vacation rental listings; Chinese travel influencers pivoted to lifestyle content.
The China market generated USD 307 million in revenue for OYO in FY2019, but also posted a net loss of USD 197 million, accounting for nearly 60% of the company's total annual loss.
IHG starts flagship store on Trip.com Group; 70% of OYO hotels in China are now back to business.
Hotel occupancy in China reached over 40% during May 6-10 as business travel increased; Cathay Pacific flagged a “very bleak” outlook as coronavirus grounded planes globally.
Chinese carriers are likely to see a full recovery by 2021; Beijing is mulling to cut red tape and fast-track cross-border checks with Taiwan, Hong Kong, Macao and South Korea.
Booking.com, Expedia and Trip.com Group have vowed to remove their rate-parity contract terms with accommodation providers in Hong Kong.
The cooperation will allow over 300 million Ctrip members in Greater China to register with the IHG Rewards Club.