Search results for “lodging industry”
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.
OTAs buy into hoteliers; MGM China advised to partner travel giants | Weekly Review
01/09/2021|9:49:25 PM|
China restricts travel for 11 million people in northern city; Weibo big data report shows family travel and “go west” are trending for hotels.
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020|11:31:23 AM|
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
Meituan bounces back in Q3, witnesses peak daily GTV across main businesses
12/03/2020|7:24:08 PM|
Medicines, flowers, late-night snacks… Meituan chose to look at existing resources for going deeper into consumers’ lives. The company's hotel bookings shot up in Q3 as demand for hotels “entirely shifted inward domestically”.
China suspends 133 international flights; Trip.com Group focuses on content | Daily Brief
12/04/2020|3:07:07 AM|
GreenTree Hospitality registers 8.6% drop in revenues; Meituan bounces back in Q3, witnesses peak daily GTV across main businesses.
Expedia Group reports 68% drop in gross bookings in Q3
11/05/2020|8:05:25 AM|
"The travel industry and the world still face a prolonged and bumpy path to recovery, with increasing COVID-19 cases and uncertainty around vaccine and therapeutic timelines."
24 nations reopen to Chinese visitors; Google reports on travel interest recovery | Daily Brief
08/22/2020|12:25:08 PM|
Meituan saw 17% decline in hotel room nights in Q2; Movie Hotel raised over $25 million to create hybrid experience.
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.
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