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OTA's international revenue drops; Hotel membership startup secures new funding | Daily Brief
03/16/2021|10:58:14 PM|
China asks visa applicants to get inoculated with Chinese-made vaccines; Leisure-focused OTA Tuniu expects to narrow revenue drop next quarter.
Leisure-focused OTA Tuniu expects to narrow revenue drop next quarter
03/16/2021|6:40:44 PM|
The company further strengthened cost-control measures and continued to optimize internal management system.
Hotel membership operator OTM secures RMB 40 million in an angel round
03/16/2021|5:20:49 PM|
OTM has established cooperation with more than 500 hotels since December 2020.
Trip.com filing: Baidu remains its largest shareholder, international revenue drops significantly
03/16/2021|5:10:46 PM|
Revenue from other regions across the globe decreased from 12.5% in 2019 to 7.1% in 2020.
Global theme park brands accelerate expansion; China plans "1-2-3 Travel Circle" | Daily Brief
03/15/2021|11:28:56 PM|
TravelSky projects annual net profit of more than $60 million; China to ease domestic travel restrictions, allowing train travel without COVID-19 test report.
Deutsche Hospitality CEO: Finding the right partner in China is important
03/15/2021|10:48:55 PM|
The German hotel group plans to quintuple its hotel portfolio by 2025, partly through mergers and acquisitions.
Upscale hotel group New Century reports 17% revenue decrease in 2020
03/15/2021|9:45:34 PM|
The RevPAR of mid-scale full service hotels was RMB181.5 in the second half of 2020, representing an increase of 88.5% from RMB96.3 of the first half of 2020.
Ambition, competition drive international theme park operators to accelerate expansion in China
03/14/2021|6:46:15 PM|
Merlin Entertainments planned to build 20 more Legoland parks over the next few years, at least five of them will be in China.
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