Lifestyle hotelier reports 600% rise in annual profit; Travel to China Booming among Hong Kongers | Daily Brief
03/29/2024|4:50:59 PM|ChinaTravelNews

Lifestyle hotelier Atour reports more than 600% rise in annual profit

Chinese lifestyle hotel company Atour said its net revenues more than doubled in 2023 to USD 657 million. GMV generated from retail business was RMB 1,139 million for 2023, up 298.3%. As of December 31, 2023, there were 1,210 hotels with a total of 137,921 hotel rooms in operation across Atour’s hotel network, representing an increase of 27.7% in room number.   
IHG signs 24 hotel projects in China

IHG Hotels & Resorts announced the signing of 24 new hotel projects in Greater China during its inaugural owner roadshow of the year in Beijing. The signings mark IHG’s expansion across diverse regions: Shanghai, Shenzhen, Nanjing, Kunming, Datong, Rizhao, and Ningde.

Radisson targets Chinese travelers with new co-branded hotels and amenities

Together with its owners and shareholder Jin Jiang International, Radisson Hotel Group announces its "Guan Xin" (Welcome China) program which includes the expansion of its co-branded hotels as well as a new amenity program to create a home away from home for Chinese travelers. Wealthy Chinese travelers are showing a keen interest in EU destinations (13%), in particular, France, UK, Germany, and Italy vs other short-haul destinations in Asia, and will be traveling in 2024 with the expectation of bespoke amenities catering to their requirements, tastes, and cultural preferences.
Angola’s president encourages Chinese tourism

Angolan President João Lourenço has extended an invitation to Chinese tourists to experience the country’s attractions for themselves. Speaking with China’s state broadcaster CCTV, Lourenço highlighted the country’s natural beauty as one of its biggest selling points.

Shanghai receives 326 million tourists in 2023

Shanghai received about 326 million tourists in 2023, up about 73.5 percent year on year, of which 3.64 million were inbound visitors, local authorities said on Wednesday. During the period, the city recorded a total tourism revenue of over 367.8 billion yuan (about 51.8 billion U.S. dollars), up some 76.8 percent from the previous year, according to the municipal culture and tourism bureau.

Travel to China Booming among Hong Kongers

Traveling to and shopping in mainland China has become increasingly popular among Hong Kong residents for a variety of reasons — especially the cheap prices. Many people from Hong Kong carrying large suitcases were seen shopping for daily necessities and groceries at a large U.S.-affiliated supermarket in the southern Chinese city of Shenzhen last month.

Hong Kong welcomes 100,000 visitors this month on 20 cruise ships

Hong Kong will have welcomed 100,000 visitors on 20 cruise ships by the end of the month, with first-time arrival Serenade of the Seas docking on Wednesday amid the tourism minister’s upbeat review of enhanced transport arrangements.

Hong Kong set for major expo

The Art Hong Kong Expo will be held at the city's AsiaWorld-Expo from May 16 to 19, focusing on technology, digitization and culture and tourism, according to a news release in Beijing on Thursday.

China Airlines to expand fleet in 2024

China Airlines will take delivery of eight aircraft in 2024. Focus Taiwan states that five will operate scheduled passenger flights, while another three will be used for cargo operations. The airline has recently expanded its European route network by adding flights to destinations including London (LON), Prague (PRG), and Rome (ROM).

Qingming Festival to ignite travel, culinary exploration in Chongqing

Qingming Festival, also known as Tomb-Sweeping Day, spans a three-day holiday from April 4 to 6 this year, catalyzing a significant increase in spring travel within China's tourism sector. Data from Tujia Guesthouse as of March 25 indicates a notable surge in guesthouse bookings in popular cities during this period, with a 3.4-fold increase from the previous year.