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Shiji grows operating revenue by 18.24% last year
04/30/2020|10:26:33 PM|
Operating revenue beyond mainland China were RMB 424 million, or 11.58% of total revenue, up by 69.11%.
Travel companies turn to live streaming and advance purchase for recovery
04/13/2020|2:43:20 PM|
Advance purchases may not be just a provisional measure during epidemic but a regular project that will stay.
Alibaba invests in Israeli travel tech firm Hotelmize
04/01/2020|6:12:14 PM|
The Israel-based company is establishing its APAC headquarters in Hong Kong as a gateway to APAC and China.
Activities booking unicorn Klook acquires car rental firm Huizhuche
04/02/2020|3:26:04 PM|
A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
Hotel bookings through global distributors and suppliers down 80% in early April
04/23/2020|11:27:14 AM|
STR projects that China hotels will recover to only 90% of 2019’s level of occupancy, ADR and RevPAR by 2021.
Shanghai International Resort receives 66 million visitors in four years
04/30/2020|12:05:58 AM|
Total revenue of the resort zone grew 17% last year to USD 1.4 billion.
Hotel firm GreenTree expects a 30%-35% drop in Q1 revenue
04/14/2020|9:35:51 PM|
Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.
IHG's China business improves steadily while global occupancy stays in 20%-26%
04/27/2020|5:09:45 PM|
IHG expects Q1 Global RevPAR to decrease 25%, including a 55% decline in March.
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