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China mulls over differentiated visa policies; Club Med owner plans multi-brand expansion | Weekly Review
03/28/2021|10:43:08 AM|
Meituan reports 354.5 million room nights booked in 2020, down by 9.7%; Hotel direct sales service provider Honey Guide secures tens of millions of yuan.
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.
Meituan reports 354.5 million room nights booked in 2020, down by 9.7%
03/26/2021|7:22:59 PM|
Room nights from five-star hotels increased by more than 110% year over year in the fourth quarter.
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.
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.
Hotel direct sales startup raises fund; Club Med owner eyes multi-brand expansion | Daily Brief
03/24/2021|9:22:27 PM|
China to promote use of safe international travel pass with Russia; Hong Kong leader vows to discuss travel deals with overseas governments.
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