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China climbs in travel freedom rankings; Corporate travel startup Z-Trip raises $14M | Daily Brief
04/16/2021|11:23:08 PM|
Upscale hotel group New Century starts procedures of delisting; SIA, Scoot to stop carrying transit passengers to Hong Kong when flight suspensions lift.
Major Chinese OTA Tongcheng-Elong sees "continuing robust recovery trend" in Q4
03/23/2021|5:55:54 PM|
The company's average monthly paying users increased by 5.9% year-to-year to 28.7 million in Q4 2020, but average monthly active users decreased by 4.8% to 196.0 million.
Travel sector eyes consumers from lower-cities in China
04/13/2021|11:25:41 AM|
The travel sector is counting on consumers from lower-tier cities as a vital cog for not only revenue generation in the short-term, but also as a growth engine for the future.
Understanding how Meituan staged recovery of room bookings
03/30/2021|10:30:48 AM|
The company’s cohesive effort, where safety and consumption were interwoven via health-related campaigns, and buying was fueled via attractive coupons or vouchers, delivered positive results.
Huazhu domestic RevPAR recovers to 95% of 2019, European results still reeling
04/23/2021|8:03:38 PM|
The company is taking further cost reduction and cash flow measures in Europe.
China’s OTAs and hotel groups are launching more hotel brands to meet diverse demands
04/30/2021|7:15:25 PM|
Competitions in new fields and changes in business strategies are catalyzing the launch of new brands.
Louvre tests extended-stay hybrid; Alibaba invests in hotel wholesaler | Weekly Review
04/10/2021|11:52:59 PM|
Digital yuan app is tried out by tourism and other services; AirAsia flies into various services in China.
Hotel giant seeks "innovative structure, approach" in upscale expansion
03/25/2021|11:08:22 PM|
Huazhu's target is to reach 10,000 - 15,000 hotels in the next five years and the majority of them will still be midscale or economy hotels.
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