Search results for “profitability”
State-owned travel conglomerate CTII posts 56% drop in revenue
03/31/2021|5:28:35 PM|
The company will continue to focus on building a “first-class tourist destination investment and operation service provider”.
Tongcheng-Elong continues to garner users from non-1st-tier cities
03/29/2021|12:09:41 PM|
Highlights of Q4 2020 for the online travel company included its continued expansion of registered users from non-1st tier cities in China, user acquisition and an acquisition in the corporate travel sector.
Meituan room nights drop 9.7%; China airfares rebound in rehearsal for global recovery | Daily Brief
03/26/2021|9:50:58 PM|
Hong Kong tells foreign governments to stop accepting special British passport; Travel to Xinjiang gains pace after foreign brands refuse region's cotton.
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.
Smart tour guide operator Lvji reports a net loss of $15.4 million
03/25/2021|7:35:40 PM|
As at December 31, 2020, Lvji had developed 26,052 online tour guides covering tourist attractions in China and overseas.
Club Med parent plans multi-brand offline expansion post-pandemic
03/24/2021|8:42:27 PM|
By 2023, Fosun Tourism plans to open 16 new Club Med resorts, half of which will be located in 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.
Major Chinese OTA Tongcheng-Elong sees "continuing robust recovery trend" in Q4
03/23/2021|5:55:54 PM|
The company's average monthly paying users increased by 5.9% year-to-year to 28.7 million in Q4 2020, but average monthly active users decreased by 4.8% to 196.0 million.
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