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Klook secures $200 million funding; Cathay Pacific warns of higher cash burn | Daily Brief

China offers flight refunds to curb travel; Homestay industry on track to recovery.

01/26/2021|10:16:46 PM|ChinaTravelNews

Business Travel MICE Procurement Convention to be held at ITB China Special Edition 2021

The 10th edition of the Convention will take place on the second day of the ITB China Special Edition, 8 May 2021, to feature in-depth discussions on industry practices and new trends.

01/26/2021|9:54:58 PM|ITB China

On track to recovery, China’s home-share industry sees great potential

Branded properties accounted for only 5.6% of the alternative accommodation market, which was dominated by small- and medium-sized brands.

01/26/2021|11:27:51 AM|ChinaTravelNews

Travel experience booking platform Klook raises $200 million in Series E round

Ethan Lin, co-founder and CEO of Klook, said there is “no significant fluctuation in valuation”.

01/26/2021|9:39:19 AM|ChinaTravelNews

China’s hotel recovery falls off rails; New airline seeks to fly 100+ routes | Daily Brief

Chinese hotel chain Huazhu projects Q4 revenues to surpass previous guidance; UK museum reaches Chinese audiences through Alibaba Fliggy.

01/25/2021|10:12:05 PM|ChinaTravelNews

Huazhu projects Q4 revenues to surpass previous guidance

RevPAR of the Legacy-Huazhu hotels (excluding Deutsche Hospitality) for the fourth quarter was RMB 186, down by 2.4% year-over-year, but up from RMB 179 in the previous quarter.

01/25/2021|3:16:28 PM|ChinaTravelNews

Hotel robot maker secures $77 million; Skyscanner finds new CEO | Weekly Review

Accor strengthens partnership with Alibaba Fliggy; Sequoia China, Ocean Link to invest in high-end hotel chain.

01/23/2021|10:23:29 PM|ChinaTravelNews

Skyscanner names new CEO; Homestay PMS firm raises $10.8 million | Daily Brief

Hong Kong, Singapore dethroned by Incheon as Asia’s busiest hub; Airlines in reverse with capacity cuts from Europe to China.

01/23/2021|1:03:41 AM|ChinaTravelNews
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