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OTA tries out digital currency app; Travel bookings during festival rise 300% | Daily Brief
04/08/2021|10:36:37 PM|
China reportedly keeps top-secret watchlist of US travelers; China Southern signs new deals with 20 international partners.
Elong Hotel debuts in Shanghai, forming a new OTA-hotel relationship
04/26/2021|11:34:59 AM|
Elong Hotel has signed up 62 properties for its four brands, most of them are franchised hotels in lower-tier cities in eastern, southern and central China.
Hotel membership operator raises fund; expense management startup invested by Tencent | Weekly Review
03/21/2021|1:46:52 PM|
Trip.com Group counts Baidu as top investor, overseas revenue drops significantly; China asks visa applicants to get inoculated with Chinese-made vaccines.
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.
Huazhu reports $471 million net income in Q4, expecting net revenue growth to top 50% in 2021
03/24/2021|10:15:50 PM|
Hotel turnover increased 17.5% year-over-year to RMB 11 billion for the fourth quarter, and decreased 5.6% to RMB 33 billion for the full year of 2020.
State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name
04/03/2021|12:19:33 AM|
In 2020, Jin Jiang had around 13% of its revenue from overseas markets, down from the 20% overseas share in 2019.
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.
Airlines fuel optimism that USA can replicate China’s rapid domestic recovery
03/17/2021|5:30:59 PM|
Around 32% of the global passenger jet fleet is still in storage, but for Chinese operators the figure is just over 8%, while for US airlines the figure is below 29%.
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