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Meituan posts $970 million annual loss; May Day holiday travel demand rising | Weekly Review
03/25/2023|10:55:40 AM|
Baidu, Pony.ai win permits to offer driverless robotaxi services in Beijing; Connexus Travel to undergo digital transformation in FREED camp.
Trip.com Group has Baidu as largest shareholder, over 90% transaction orders from mobile channels in 2022
03/28/2023|1:10:58 PM|
In 2022, Trip.com Group derived approximately 37% of the total revenues from accommodation reservation.
Airlines resume flights to China, Hong Kong; Guangzhou aims to be international consumption hub | Daily Brief
03/13/2023|6:46:54 PM|
Sabre data indicates significant outbound travel rebound from China, despite high airfares; Korea-China sea travel routes likely to resume.
China to resume inbound group travel; Japan to end test requirement for Chinese visitors | Daily Brief
03/31/2023|11:19:28 PM|
Alipay records rebound in outbound Chinese tourist spending amid recovery; Chinese carriers cut aviation fuel surcharges for second time this year to spur demand.
Leisure online travel firm Tuniu posts 5.3% drop in annual revenues
03/17/2022|9:26:11 PM|
The company said its self-operated local tour operators achieved double-digit growth in transaction volumes for 2021.
Meituan’s local commerce segment shines even in tough Q4
03/26/2023|11:06:18 AM|
The company shared that operating profit of its local commerce segment, led by the food delivery business, rose by 41% in Q4, even as its hotel and travel business suffered during the same period.
Meituan posts $970 million annual loss
03/24/2023|5:27:33 PM|
Revenue rose 22.8% from 2021 to 2022.
Tongcheng Travel highlights its marketing excellence
03/24/2023|11:05:06 AM|
The online travel company stated that its decision to target students and also promote its loyalty membership initiative was complemented by marketing campaigns in 2022.
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