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Chinese hotel giant Huazhu reaps 15% of annual revenue from overseas unit
04/25/2021|5:55:27 PM|
As of last year, Huazhu still held USD 897 million worth of investments in companies including Accor (USD 593 million) and OYO (USD 10 million).
Chinese airlines return to profitability; Radisson Hotel grows in Asia Pacific | Weekly Review
01/17/2021|3:03:40 PM|
WeChat Pay aims to bring Chinese consumers to travel and hospitality; Chinese investment in Cambodia’s "next tourism hotspot" has raised concerns.
Alibaba, Hilton integrate membership; Chinese OTA buys corporate travel firm | Daily Brief
03/29/2021|9:24:46 PM|
Hong Kong to ease social-distancing, push for travel bubbles to speed up mass vaccination; U.S. lawmakers ask Biden to make travel easier from Taiwan.
China to recognize Western vaccines; PayPal works on cross-border payments | Daily Brief
04/21/2021|11:37:41 PM|
Domestic revenue of Chinese travel agencies totals $18.33 billion last year; Chinese independent travelers seek authenticity in Europe dining, study finds.
On track to recovery, China’s home-share industry sees great potential
01/26/2021|11:27:51 AM|
Branded properties accounted for only 5.6% of the alternative accommodation market, which was dominated by small- and medium-sized brands.
Fosun Tourism reports 74.5% business volume decrease in Q1 2021
04/21/2021|3:14:44 PM|
In the first quarter of 2021, Thomas Cook China and UK achieved a cumulative GMV of approximately RMB 163.2 million.
Alibaba’s Fliggy and Hilton integrate membership systems
03/28/2021|9:33:39 PM|
The cooperation between Fliggy and Hilton connects online and offline business to create convenience and comfort for travelers.
Lifestyle hotel brand Atour reportedly plans $300m US IPO
04/19/2021|3:57:18 PM|
The company was backed by Legend Capital and Alibaba’s former CEO Mr. Zhaoxi Lu in previous funding round.
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