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Tencent-backed OTA reports $292 million in revenue, almost back to the same level of last year in Q3
11/23/2020|6:23:16 PM|
The year-to-year decrease of adjusted profit was narrowed down to 11.2% in the third quarter of 2020 from 43.2% in the previous quarter.
Xbed hotel brand raises more than $15 million, aiming for expansion in lower-tier cities
11/22/2020|11:07:48 AM|
Xbed now has a total number of 3.7 million registered users.
China proposes global travel QR code; Officer leaves Airbnb on data concerns | Daily Brief
11/24/2020|7:18:04 AM|
Shanghai airport momentarily descends into chaos after workers test positive; Lifestyle travel brand Betterwood gets new investment.
“Shanghai Female Socialites Group Buy” exposé online triggers social media buzz on luxury hotels
10/27/2020|12:23:24 PM|
5-Star Luxury hotels tagged and their products and services listed for collaborative consumption by social media group “Shanghai Female Socialites”.
Tencent-invested travel firm reports 24.6% drop in revenue, sees recovery trend
08/28/2020|6:37:48 PM|
As of June 30, around 85.9% of its registered users resided in non-first-tier Chinese cities.
Tencent-invested OTA sees recovery, Chinese travelers switch to private tours | Daily Brief
08/28/2020|11:01:53 PM|
Chinese OTA Tuniu reported 97% drop in packaged-tour revenue; TravelSky posted 40% decrease in half-year revenue.
Unlimited passes are fine, but airlines must focus on passenger confidence
08/19/2020|5:58:40 PM|
Sales initiatives like unlimited flight passes can pave way for a decent sized cash-flow injection in the short-term. In addition to exploring more options for revenue generation, there is also a need to focus on other aspects to boost the passenger confidence.
Airline, railway launch combined service; Shanghai airports to get 5G coverage | Daily Brief
08/26/2020|10:25:49 PM|
Shanghai hotel occupancy hit post-COVID high; Fosun Tourism posted 50% drop in half-year revenue.
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