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Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

H World expects its YoY revenue growth to be in the range of 61%-65% in 2023 Q1.

03/27/2023|8:54:17 PM|ChinaTravelNews
Saudi Arabia, China discuss tourism collaborations; Dutch airlines resume direct flights to Beijing | Daily Brief

Saudi Arabia, China discuss tourism collaborations; Dutch airlines resume direct flights to Beijing | Daily Brief

Club Med owner Fosun Tourism narrows annual loss; Hong Kong pins hope on Golden Week to attract tourists back.

03/27/2023|4:05:10 PM|ChinaTravelNews
Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

The business volume of Club Med in Mainland China recovered to 54.3% of that of the same period in 2019.

03/27/2023|11:07:17 AM|ChinaTravelNews
Meituan’s local commerce segment shines even in tough Q4

Meituan’s local commerce segment shines even in tough Q4

The company shared that operating profit of its local commerce segment, led by the food delivery business, rose by 41% in Q4, even as its hotel and travel business suffered during the same period.

03/26/2023|11:06:18 AM|Ritesh Gupta, ChinaTravelNews
Meituan posts $970 million annual loss; May Day holiday travel demand rising | Weekly Review

Meituan posts $970 million annual loss; May Day holiday travel demand rising | Weekly Review

Baidu, Pony.ai win permits to offer driverless robotaxi services in Beijing; Connexus Travel to undergo digital transformation in FREED camp.

03/25/2023|10:55:40 AM|ChinaTravelNews
Korean travel agencies restart package tours to China; Meituan posts $970 million loss | Daily Brief

Korean travel agencies restart package tours to China; Meituan posts $970 million loss | Daily Brief

Japan service activity marks strongest since 2013 on tourism; Air China takes control of struggling Shandong aviation.

03/24/2023|11:36:57 PM|ChinaTravelNews
Meituan posts $970 million annual loss

Meituan posts $970 million annual loss

Revenue rose 22.8% from 2021 to 2022.

03/24/2023|5:27:33 PM|ChinaTravelNews
Tongcheng Travel highlights its marketing excellence

Tongcheng Travel highlights its marketing excellence

The online travel company stated that its decision to target students and also promote its loyalty membership initiative was complemented by marketing campaigns in 2022.

03/24/2023|11:05:06 AM|Ritesh Gupta, ChinaTravelNews
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