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Shanghai resort zone revenue grows 17%; Chinese airlines lose $2B in Q1 | Daily Brief

TUI China kicks off curated short-haul holidays; South Korea has agreed with China to start facilitating some business travel between the two.

04/30/2020|1:17:55 AM|ChinaTravelNews

Shanghai International Resort receives 66 million visitors in four years

Total revenue of the resort zone grew 17% last year to USD 1.4 billion.

04/30/2020|12:05:58 AM|ChinaTravelNews

Alibaba-invested repricing startup Hotelmize eyes expansion in China and Asia

While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.

04/29/2020|9:56:10 AM|ChinaTravelNews

E-commerce site JD buys into tour operator Caissa; Thousands of hotels closed | Daily Brief

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.

04/28/2020|10:41:52 PM|ChinaTravelNews

Thousands of hotels in China have closed since 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.

04/28/2020|1:25:56 PM|ChinaTravelNews

Ctrip Corporate Travel’s white paper sheds light on latest market trends

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%.

04/28/2020|10:14:49 AM|ChinaTravelNews

Airbnb's China bookings rise 200%; Skyscanner sees optimism | Daily Brief

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.

04/27/2020|11:49:05 PM|ChinaTravelNews

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
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