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Marriott refines development strategy in China, focusing on “brand+destination”

03/05/2021|11:32:50 AM|

Marriott plans to open 60 or more hotels in China this year.

Trip.com Group revenue drops 40% in Q4, domestic hotel GMV rises

03/04/2021|6:32:43 AM|

Product development expenses accounted for 42% of net revenue in 2020.

Domestic and international trips in China expected to rebound in second half

03/02/2021|6:25:44 PM|

Outbound travel is expected to increase by 70% compared to 2020.

China hotels show slight lift during Lunar New Year holiday

03/02/2021|3:40:53 PM|

Daily occupancy in the market sat in the 30% range for most of the festival period Feb 11-17 then rose to as high as 37.6% on Feb 20.

Tencent, Trip.com invest in new firm; Travel to rebound in second half | Daily Brief

03/01/2021|9:26:17 PM|

Barceló Hotel Group partners with Plateno, Betterwood to expand in China; China’s economic recovery slows amid holiday disruptions.

Chinese New Year travel was 69.3% down

03/01/2021|9:03:37 PM|

Decline was arrested by last-minute flight bookings and outlook is encouraging.

Ocean Link raises $580m fund; China buoys Lagardère in a tough year | Daily Brief

02/27/2021|12:13:10 AM|

Epidemic response helps planes get back in skies; Spring Festival holiday tourism income recovers to 58.6% of pre-virus level.

Airbnb reports 22% revenue decline in Q4, “outperforming hotel groups and OTAs”

02/26/2021|8:27:26 AM|

The recovery in Asia Pacific continues to take time.

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