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Meituan-invested hotel group drops IPO plan; OTA data rise after China expands visa-free travel | Daily Brief
11/27/2023|5:19:20 PM|
South Korea doubles ceiling of tax refund; Malaysia implements 30-day visa-free to China.
Tencent-invested travel firm Tongcheng capitalizes on China's lower-tier markets
11/22/2023|2:16:06 PM|
80% of Tongcheng's average MAUs were contributed by Tencent's Weixin mini-program.
H World revenue rises more than 50% in Q3, beating previous expectation
11/27/2023|3:12:01 PM|
The hotel operator projects revenue growth to be 41%-45%.
China’s cross-border trips, visa issuances soar; State airline swings to profit | Daily Brief
10/27/2023|5:00:36 PM|
Trip.com showcases AI-powered innovations transforming travel; China aims for $400 billion outdoor sports industry.
Travelers shun destinations over food, crime fears; Chongqing, Thailand to develop tourism product | Daily Brief
11/23/2023|5:46:53 PM|
Macau subsidies yield $173 million in hotel, flight bookings; Shanghai organizes a bilateral summit in Madrid to boost tourism.
Hotpot firm Haidilao invests in Japan hotel; Club Med charts plan for China market | Daily Brief
11/03/2023|7:15:35 PM|
70% of Chinese travel firms doubled profits; Hospitality industry in full gear for major expo.
Airbnb reports 17% rise in cross-border nights, China outbound increases 100%+
11/02/2023|8:57:52 AM|
Asia Pacific business has fully recovered.
Hilton's Asia Pacific RevPAR rises 39% led by China market
10/27/2023|4:05:00 PM|
Net income rose 9.5% to USD 379 million.
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