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Equity investments play a big part in hotel giant Huazhu's annual profit

Same-hotel RevPAR growth has been going down for the past three years.

03/27/2020|9:43:18 PM|ChinaTravelNews

Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%

Huazhu is expected to close 350-450 hotels, including planned closure of 300-350 hotels and special closure of 50-100 hotels impacted by COVID-19.

03/27/2020|8:19:48 AM|ChinaTravelNews

China limits cross-border flights, halts entry by foreigner visa & residence permit | Daily Brief

Weekly flights will be downsized to around 130, reducing the number of China's inbound airline passengers from 25,000 to around 5,000 per day.

03/27/2020|12:58:59 AM|ChinaTravelNews

IHG sees occupancy rise in Greater China; Chinese airlines have lost $3.1B | Daily Brief

The gradual resumption of business in China has not helped domestic airlines make ends meet; Tokyo Olympics is postponed to 2021.

03/24/2020|11:09:30 PM|ChinaTravelNews

Upscale hotel group New Century reports a 144.1% jump in EBITDA

The Chinese hotelier invested by Trip.com Group said it has "sufficient financial resources" to deal with coronavirus impact.

03/22/2020|8:59:45 PM|ChinaTravelNews

OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review

Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.

03/21/2020|5:38:25 PM|ChinaTravelNews

China data portend tough times for US hotels; Cathay cuts 96% flights | Daily Brief

Major Chinese airlines registered over 30-percentage-point declines in load factor; Fosun Tourism's China operation slowly recovers.

03/20/2020|11:40:36 PM|ChinaTravelNews

Franchise hotel chain Qingzhu secures tens of millions of dollars

The platform has over 3,000 hotels, mainly in provincial capitals, available for booking.

03/19/2020|2:28:16 PM|ChinaTravelNews
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