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IHG's China business improves steadily while global occupancy stays in 20%-26%

IHG expects Q1 Global RevPAR to decrease 25%, including a 55% decline in March.

04/27/2020|5:09:45 PM|ChinaTravelNews

Chinese hotel giant Huazhu offloads partial stake in Accor last year

Same-hotel RevPAR growth continued to slow down in 2018-2019, reflecting oversupply in hotel market and intensified competition in greater accommodation industry with alternative lodging.

04/25/2020|8:22:54 PM|ChinaTravelNews

Shanghai Disney testing parade for reopening; Klook furloughs hundreds | Weekly Review

Parent of Chinese OTA Tongcheng-Elong denied speculation about mass layoffs; A study finds COVID-19 will dent China's total tourism income by a third this year.

04/25/2020|6:12:10 PM|ChinaTravelNews

May holiday flight sales plummets; Tuniu completes most travel refunds | Daily Brief

Hong Kong's daily visitor arrivals declined to less than 100 persons in early April; Shanghai Disney is testing parade and more for reopening.

04/25/2020|11:54:59 AM|ChinaTravelNews

China’s hotel occupancy rises from February's 12.8% to 23.2% as of March

China’s RevPAR declined 77.6% YoY to US$11, but up slightly from US$7.4 in February this year.

04/24/2020|5:55:22 PM|ChinaTravelNews

Accor RevPAR falls 67.7% in China; Flights show recovery signs since March | Daily Brief

Some 3,770 tourist attractions in China have resumed operation and launched online booking access.

04/24/2020|12:43:36 AM|ChinaTravelNews

Hotel bookings through global distributors and suppliers down 80% in early April

STR projects that China hotels will recover to only 90% of 2019’s level of occupancy, ADR and RevPAR by 2021.

04/23/2020|11:27:14 AM|ChinaTravelNews

China advises against overseas travel; Tourism to drop over one third | Daily Brief

Travel searches have continued to climb for the International Labor Day holiday; Research estimates the COVID-19 will dent China's total tourism income by more than 30% this year.

04/23/2020|12:49:39 AM|ChinaTravelNews
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