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Corporate expense management platform Fenbeitong secures $92.5 million from Tencent, Hillhouse
03/19/2021|1:46:34 PM|
The company’ revenue grew 300% annually over 2018-2020.
Trip.com filing: Baidu remains its largest shareholder, international revenue drops significantly
03/16/2021|5:10:46 PM|
Revenue from other regions across the globe decreased from 12.5% in 2019 to 7.1% in 2020.
Huazhu Group aims to be bigger, gears up for a brighter future
03/30/2021|10:44:56 AM|
The Chinese hotel company has carved out its strategic focus for 2021, built on property expansion, strengthening bonds with existing and new customers, both backed up astute data strategy and digitization project.
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.
Booking.com awards DerbySoft as Premier Partner for 2021
03/17/2021|11:49:50 AM|
Partner Program reviews and scores all partnerships based on a set of growth and performance categories the company considers critical.
Accor’s revenue reduces nearly 60% in 2020, but Huazhu invests more
02/24/2021|5:55:57 PM|
In China, the recovery observed from the second quarter onwards gathered pace quarter after quarter, resulting in a 44.2% decline in RevPAR over the year.
Chinese travelers are more optimistic about travel in 2021, Expedia research finds
02/04/2021|5:26:01 PM|
Mask use and enforcement is the leading factor influencing transportation decisions in Japan (51%) and China (42%).
OYO picks its China executives to lead International, European units
02/01/2021|4:26:49 PM|
OYO founder Ritesh Agarwal said the company's China RevPar is back to 74% of pre-COVID level, OYO now has 2000+ hotels in the country and consistently is "adding thousands of rooms per month".
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