Search results for “hotel performance”
IHG's Greater China RevPAR drops 62% in half year
08/12/2020|5:15:34 PM|
The Greater China area generated USD 18 million in half-year revenue for IHG, and that's only 1.4% of the UK-based hotel chain's global income in the period.
Greater China leads Hyatt recovery; Generation Z brings new engine | Weekly Review
08/08/2020|11:39:08 PM|
Booking Holdings gets a triple return on Meituan investment; Jin Jiang remains Accor's biggest shareholder with a 13% stake.
Booking Holdings gains $1 billion on Meituan bet; Trip.com, AirAsia join forces | Daily Brief
08/08/2020|2:48:10 AM|
Hilton hotels' occupancy exceeds 60% in China; Fosun Tourism rebrands Thomas Cook as a lifestyle online platform.
China re-opens visa facilitation for Europeans; China Eastern unveils new deal | Daily Brief
08/11/2020|10:10:27 PM|
China business travel returns for Marriott; Accor, Alibaba Fliggy join forces at Super Brand Day.
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.
Hotel giant Huazhu reports 15.7% drop in Q1 revenue, expects further decline in Q2
07/01/2020|10:22:38 PM|
Huazhu expects net revenues to decline 32% to 34% year-over-year in the second quarter of 2020, or 35% to 37% if excluding the addition of Deutsche Hospitality.
Accor works on a domestic travel recovery promotion in China
06/23/2020|5:01:50 PM|
Accor worked with travel and social media platforms including Ctrip, Fliggy, Meituan Dianping and WeChat, capturing the pent up domestic demand for travel and even impulse consumption by rewarding loyalists.
Chinese hotel group GreenTree sees a 33% drop in Q1 revenue
06/05/2020|2:18:13 PM|
The company expects its total revenues to decrease by 10%-15% for the full year 2020.
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