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Meituan revenue rises 33% in Q2, netting a $644 million profit
08/25/2023|2:18:45 PM|
In-store, hotel & travel business grew with transaction volume up by over 120%.
Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year
08/24/2023|6:54:29 PM|
For Legacy-Huazhu business, RevPAR in Q2 2023 recovered to 121% of the Q2 2019 level.
Hilton bets on China’s middle class; Chinese Valentine’s Day boosts domestic tourism | Daily Brief
08/21/2023|8:43:31 PM|
China summer spending surges with sold-out shows, packed tourist spots; Cathay Pacific on recovery track but Chinese rivals loom.
Disney is unlikely to build a third resort in China; Leisure-focused OTA firm posts 52.3% rise in Q1 revenue | Weekly Review
06/10/2023|10:05:41 AM|
Legend Capital to sell some Atour shares for over $85 million; Goldman Sachs buys Casa Cook and Cook’s Club brands from Fosun.
Paradise City, Ctrip to jointly launch travel packages; China restarts cruise industry with Shanghai to Japan sailing | Daily Brief
08/14/2023|6:37:29 PM|
Young Chinese flock to music festivals, giving tourism a boost; Taiwan lodging facilities adopt tripla Book to increase direct bookings.
Ant Group partners with DFS for luxury travel retail; Trip.com Group and Penang Global Tourism extend partnership | Daily Brief
08/03/2023|6:20:49 PM|
China to better facilitate visas for foreigners with business; MGM China’s net revenue grows over 230% year-on-year to HKD10.6 bln in H1.
Baidu founder exits Trip.com board; Digital yuan introduced to business air travel | Daily Brief
07/21/2023|5:29:03 PM|
iQIYI launches first parent-child theme park; Meituan acquires 10% stake in Zhipu AI.
Tourism market fueled by performances; US travel industry can’t make a full recovery without China | Daily Brief
08/08/2023|9:03:06 PM|
Cultural administration trying to tackle ticketing issues; Saudi Arabia taps Chinese tourists for growth amid wanderlust.
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