Search results for “market segment”
Huazhu strengthens its presence in 200 new cities in China
03/24/2022|10:35:26 PM|
From 865 cities in 2020 to the future target of 2200, the hotel company’s aggressive expansion is being demonstrated by sharply rising city coverage.
Tongcheng Travel set to make the most of restructuring
03/24/2022|2:40:35 AM|
The restructuring by the OTA is a direct response to the demand for short-haul and local trips in China.
Alibaba's travel arm Fliggy plans for independent and service-centric operation
04/02/2022|5:46:59 PM|
The company is working on an employee share ownership plan to further motivate its team.
Trip.com Group’s Liang highlights boost in content conversion rate
03/25/2022|1:58:43 PM|
The online travel company has made a pertinent attempt to develop a habit of browsing content among users of its app and also to monetize the same by working on content to transaction conversion rate.
Meituan reports domestic hotel room nights booked in 2021 up by 34.5% to 476.9 million
03/25/2022|5:31:27 PM|
Revenues from the in-store, hotel & travel businesses increased by 53.1% year over year to RMB32.5 billion in 2021.
China’s alternative accommodation industry in 2021: ADR falls below $48
01/28/2022|5:53:53 PM|
Over 75% of short-term rental properties saw revenue below RMB 1 million.
Meituan underlines potential for sustainable growth in hotel bookings
11/30/2021|2:08:09 PM|
The company stated that it not only continues to leverage its competitive advantage in lower-tier markets, but it is also improving its offering in the high-star hotel category.
Huazhu’s CEO extends support to franchisees
11/27/2021|11:00:55 AM|
The Chinese hotel company acknowledges that the going hasn’t been easy for its franchisees in certain areas and Huazhu has decided to revitalize the “weakened confidence” via certain financial relief.
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