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Meituan reports 8.9% rise in revenue, 17% decline in hotel room nights
08/22/2020|11:10:23 AM|
Hotel business continued to be significantly affected by the pandemic, with the number of domestic room nights consumed in the second quarter decreasing by 17% to 78 million.
OTA gets green light for US investment; Fliggy offers Fly At Will flight deals | Weekly Review
07/19/2020|12:21:24 PM|
Short-term rental firm Xiaozhu teamed up with lifestyle social network Xiaohongshu; E-commerce giant JD.com invested in the digital unit of Beijing Tourism Group to expand in the travel industry.
Daily flights in China rebound to 80%; Beijing airport to lose $100M in half year | Daily Brief
07/27/2020|10:36:51 PM|
Fosun warns investors of 76% slide in earnings as coronavirus ravages tourism business; Alibaba's credit scoring unit Zhima Credit launched a credit-based accommodation booking service.
Robotics startup ExcelLand invested by hotel giants Huazhu and BTG Homeinns
08/18/2020|4:33:08 PM|
ExcelLand’s proprietary robots are already providing services in more than 200 cities.
Discount pricing + digital tools drive domestic travel transactions in China
07/23/2020|6:04:56 PM|
Chinese online platforms are focusing on digital tools, especially live-streaming, to revive spending. The plan is to drive domestic travel sales volume through discounts, a tactic being described as a short-term phenomenon.
OTA releases holiday big data report; Korea-China air routes double | Daily Brief
07/13/2020|11:40:53 PM|
Chinese regulator suspended an Air China route between Moscow and Beijing for one week due to passenger infection; Unlimited flight passes account for just a small fraction of airline's income.
OTA expects domestic full recovery; Marriott sees occupancy returning | Weekly Review
07/26/2020|11:42:47 AM|
China's home-sharing market recorded a 72.1% drop in January-May; More foreign carriers resume flight service to Shanghai.
Travel consumer confidence recovering; Duty-free boom fuels stocks surge | Daily Brief
08/12/2020|11:08:47 PM|
IHG's Greater China RevPAR drops 62% in half year; Macau casino stocks soar due to the resumption of mainland tourist visas.
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