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Hotel giant seeks innovative structure; Beijing tourism revenue plunges 53% | Daily Brief
03/25/2021|11:53:51 PM|
Huazhu reports $471 million net income in Q4; Airwallex secures $100 million.
Hotel giant seeks "innovative structure, approach" in upscale expansion
03/25/2021|11:08:22 PM|
Huazhu's target is to reach 10,000 - 15,000 hotels in the next five years and the majority of them will still be midscale or economy hotels.
Trip.com Group to float on HK bourse in April; WeChat travel scam is back | Daily Brief
02/23/2021|11:18:29 PM|
Japan raises concerns over China blacklist on overseas casino destinations; SAP Concur appoints general manager for Asia Pacific Japan, Greater China.
Airbnb asked to drop ties to Beijing Winter Olympics; OTA sees "robust recovery trend" | Daily Brief
03/23/2021|9:07:55 PM|
Autonomous vehicle tech firm Momenta raises $500M; Guangdong removes 7-day home quarantine for inbound arrivals.
Asia travel agencies turn asset-light; Jin Jiang, Huazhu remains Accor’s major shareholders | Daily Brief
02/24/2021|11:23:21 PM|
Global theme park brands target lower-tier Chinese cities next five years; Macau casino operators’ stocks rally as China quarantine lifted.
China’s tentative domestic bounce-back raises hopes for renewed V-shaped recovery
02/18/2021|2:03:20 PM|
Just over 8% of the Chinese-operated passenger jet fleet as having in-storage status on February 10. This compared with the global figure of over 32% of passenger jets in storage.
The 129th Canton Fair prepares for a virtual return April 15-24
03/19/2021|9:57:36 PM|
Last year's session welcomed buyers from a record-breaking 226 countries and regions.
9 megatrends of Chinese tourism post-pandemic
03/18/2021|3:45:06 PM|
For companies seeking megatrends of the global travel recovery, the China market may provide some food for thought.
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