China domestic hotel reservations achieved positive growth, with mid-to-high end domestic hotel reservations reaching double digit year-over-year growth exiting the third quarter of 2020.
Asia Pacific hotel performance improves slightly in Q3; COTRI projects 100 million international trips by China in 2021.
The company expects net revenues to drop 70%-75% in the next quarter.
On November 17, daily bookings to the region increased 111% year on year and the daily increase stayed around this level the following week.
The latest cooperation is believed to maximize the synergy between Hong Kong and Zhuhai.
Fosun targets Greater Bay Area tourists with Thomas Cook resort on Zhuhai island; Japan, China resume business travel.
Thanks to China’s effective control measures and stronger traveling demands during the summer, cross-city and business travel both recovered well in comparison to previous quarters.
An influx of Chinese travelers is expected at Narita Airport near Tokyo. About 20 flights to and from Chinese cities are operated weekly.
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