Huazhu Group scheduled to issue a shareholder loan of EUR 20 million to Deutsche Hospitality with a term of 12 months.
TUI China focuses on short-haul outdoor trips; Around 74.29% of the Chinese hotels and inns have ceased operation during COVID-19.
Spring Airlines will open 47 domestic routes to meet increasing travel demand; Shanghai tourist attractions require reservations for holiday.
Operating revenue beyond mainland China were RMB 424 million, or 11.58% of total revenue, up by 69.11%.
TUI China kicks off curated short-haul holidays; South Korea has agreed with China to start facilitating some business travel between the two.
While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.
China saw a declined growth rate of 5.9% in business travel last year; 74.29% of the Chinese hotels and inns have ceased operation due to COVID-19.
The number of hotel-related new company registrations hit a five-year bottom in the first quarter in 2020, down by 38% from last year.
