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Huazhu reports $471 million net income in Q4, expecting net revenue growth to top 50% in 2021
03/24/2021|10:15:50 PM|
Hotel turnover increased 17.5% year-over-year to RMB 11 billion for the fourth quarter, and decreased 5.6% to RMB 33 billion for the full year of 2020.
State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name
04/03/2021|12:19:33 AM|
In 2020, Jin Jiang had around 13% of its revenue from overseas markets, down from the 20% overseas share in 2019.
Airbnb asked to drop ties to Beijing Winter Olympics; OTA sees "robust recovery trend" | Daily Brief
03/23/2021|9:07:55 PM|
Autonomous vehicle tech firm Momenta raises $500M; Guangdong removes 7-day home quarantine for inbound arrivals.
Lifestyle hotel brand seeks IPO; China to approve 1st foreign vaccine by July | Daily Brief
04/19/2021|10:53:17 PM|
Hong Kong, Macau tightens flight ban, quarantine rule to fight mutant strain; Hong Kong, Singapore target mid-May for travel bubble deal.
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 brands assess efficacy of content in evolved purchase loop
04/15/2021|5:55:47 PM|
The role of content and blending it with commerce is getting refined in China. Hotel companies also need to re-work on their tech stack to ensure they end up having a better grip on the customer journey.
Hotel membership operator raises fund; expense management startup invested by Tencent | Weekly Review
03/21/2021|1:46:52 PM|
Trip.com Group counts Baidu as top investor, overseas revenue drops significantly; China asks visa applicants to get inoculated with Chinese-made vaccines.
Hotel direct sales startup raises fund; Club Med owner eyes multi-brand expansion | Daily Brief
03/24/2021|9:22:27 PM|
China to promote use of safe international travel pass with Russia; Hong Kong leader vows to discuss travel deals with overseas governments.
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