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CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million
12/25/2020|4:50:27 PM|
New Century Senbo offers short-distance vacations near cities to the Chinese middle-class consumers.
Tourists in China scale back travel plans; India denies banning Chinese passengers | Daily Brief
12/31/2020|9:05:36 PM|
Trip.com's group-tour report reveals a new era for small, private groups; China's hotel occupancy recovers faster than rest of world.
China bans Tripadvisor app; Qunar CEO expects annual profit | Weekly Review
12/13/2020|2:42:14 PM|
China's domestic air market nearly recovered, the rest of world still depressed; JD.com, China Southern Airlines launch ship-to-home luggage service.
Upscale hotel group New Century invests in business hotel Hanyue
12/23/2020|11:14:27 PM|
Other than the capital investment, the two companies vowed to strengthen their cooperation in product, technology, membership, central reservation and platform construction.
Hilton aims at 1,000 hotels in China; TikTok parent founds travel agency | Daily Brief
12/16/2020|12:13:02 AM|
Deutsche Hospitality to expand in China with two Steigenberger hotels; ITB China announces two industry events in Beijing and Shanghai next year.
Hong Kong hotels, airline trim staff; China limits travel by US officials | Daily Brief
12/11/2020|11:24:28 PM|
PE firm to buy HNA Group's US unit in $7.2 billion deal; OTT Airlines applies for Chinese air transport licence.
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020|11:31:23 AM|
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
Trip.com eyes $1 billion second listing; China debuts a new bullet train | Daily Brief
01/12/2021|10:03:05 PM|
Analysts say investment in MGM by a Chinese travel firm could be "tricky"; Chinese travel agencies handle 53% less domestic trips.
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