China’s business travel market posted a growth rate of 5.9% last year, while the average annual growth rate in 2013-2018 was 11%.
Over 80 million Chinese are expected to enjoy their first vacation since coronavirus lockdown; Virus outbreak severely impacted China's image as a travel destination.
IHG expects Q1 Global RevPAR to decrease 25%, including a 55% decline in March.
Dr. Guido Brettschneider believes that people in China and around the world will never stop dreaming and will want to travel again soon.
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.
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.
Hong Kong's daily visitor arrivals declined to less than 100 persons in early April; Shanghai Disney is testing parade and more for reopening.
China’s RevPAR declined 77.6% YoY to US$11, but up slightly from US$7.4 in February this year.
