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OTA gets green light for US investment; Fliggy offers Fly At Will flight deals | Weekly Review
07/19/2020|12:21:24 PM|
Short-term rental firm Xiaozhu teamed up with lifestyle social network Xiaohongshu; E-commerce giant JD.com invested in the digital unit of Beijing Tourism Group to expand in the travel industry.
China advises less overseas travel; Tourists decline hits luxury sector | Daily Brief
09/23/2020|11:27:08 PM|
China Duty Free Group tops first-half global travel retailer rankings; Asia Pacific hotels report continued improvement but at low levels.
Wyndham's Greater China RevPAR down by 29% in Q3
10/29/2020|6:40:17 PM|
Global comparable RevPAR declined 35% year-on-year while system-wide rooms declined 2%.
Tencent-invested travel firm reports 24.6% drop in revenue, sees recovery trend
08/28/2020|6:37:48 PM|
As of June 30, around 85.9% of its registered users resided in non-first-tier Chinese cities.
Smart tour guide operator Lvji reports a net loss of $11.7 million for H1
09/01/2020|11:38:48 AM|
Lvji uses VR technology innovation to further launch VR business in order to grasp the trend of cloud tourism and 5G innovation.
Marriott China sees full recovery next year; US revokes 14-day quarantine | Daily Brief
09/14/2020|11:25:18 PM|
Cathay Pacific aims for "survival" as it grounds two-fifths of passenger fleet; Asia Pacific accounts for 41% of global scheduled flights in August.
Tencent-invested OTA sees recovery, Chinese travelers switch to private tours | Daily Brief
08/28/2020|11:01:53 PM|
Chinese OTA Tuniu reported 97% drop in packaged-tour revenue; TravelSky posted 40% decrease in half-year revenue.
Leveraging 3rd party flagship stores for building "in China for China" business
07/05/2020|5:23:21 PM|
Foreign hotel companies are setting up their flagship stores on Ctrip and Fliggy, and looking at them as a way to let locals shop in a way they are accustomed to.
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