Hilton remains world’s most valuable hotel brand, up an impressive 35%. Mercure is fastest growing brand, following staggering 57% growth.
Net revenue is expected to decrease by 24% to 29% for the second quarter this year.
Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.
They are tapping into a sizeable market of USD 20 billion in Southeast Asia.
The first and biggest group of people to come out and engage were millennials. Everything digital is becoming the new norm for them.
Revenue grew in both January and February before declining significantly year over year in March.
Despite reports of restoration, China’s air transportation system is not likely to fully recover for at least another two years; Hong Kong airport sees 99.5% passenger traffic drop in April.
China remains key to the company's operation while Huazhu will continue its investments for international expansion.
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