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Selina CEO says USD 60M in funding will get startup through crisis

Selina CEO says USD 60M in funding will get startup through crisis

With more than 60 locations across the globe, the company’s pitch was well received.

05/09/2020|5:54:11 PM|The Real Deal
Global hotels will lose just 2% of supply permanently because of coronavirus

Global hotels will lose just 2% of supply permanently because of coronavirus

While PPP loans help hoteliers keep properties open in the U.S., government assistance programs elsewhere in the world still offer a boost to the travel industry.

05/09/2020|1:58:32 PM|Skift
Hilton Q1 RevPAR declined 22.6%, full recovery years to come

Hilton Q1 RevPAR declined 22.6%, full recovery years to come

In China, occupancy as of May 4 was approximately 40 percent, up from about 9 percent in early February.

05/09/2020|11:37:00 AM|ChinaTravelNews
Booking loses $130M in selling Trip.com stake; Hyatt occupancy rises in China | Daily Brief

Booking loses $130M in selling Trip.com stake; Hyatt occupancy rises in China | Daily Brief

45% of Chinese travelers plan to visit Vietnam this year; Hyatt Hotels' occupancy in Greater China have gradually improved.

05/09/2020|12:19:14 AM|ChinaTravelNews
Wyndham merges China unit into Asia; China's tourism revenue drops 60% | Daily Brief

Wyndham merges China unit into Asia; China's tourism revenue drops 60% | Daily Brief

China raked in tourism revenue of USD 6.79 billion in a holiday, 59.58% less than last year; China Eastern beat out Southwest as the biggest airline in the world in terms of seats available.

05/07/2020|11:52:27 PM|ChinaTravelNews
IHG's first-quarter RevPAR drops 65.3% in China

IHG's first-quarter RevPAR drops 65.3% in China

Recent weeks have continued to see a moderate improvement in occupancy levels which are running in the mid-20% range, up from a trough of ~5% in mid-February.

05/07/2020|10:57:40 PM|ChinaTravelNews
Wyndham Hotel merges its China unit into Asia Pacific to cut expenses

Wyndham Hotel merges its China unit into Asia Pacific to cut expenses

As of the end of 2019, the company had 154,600 hotel rooms in the Greater China region, but that only contributed 3% of Wyndham's royalties in the year.

05/07/2020|4:06:20 PM|ChinaTravelNews
Deutsche Hospitality accounts for 25% of Huazhu's total revenues in 2019

Deutsche Hospitality accounts for 25% of Huazhu's total revenues in 2019

Huazhu Group scheduled to issue a shareholder loan of EUR 20 million to Deutsche Hospitality with a term of 12 months.

05/05/2020|4:38:46 PM|ChinaTravelNews
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