The program is not a short-term marketing activity, but a long-term consumer-centric initiative for promoting merchants’ values, according to Fliggy president.
Flights between London and Beijing remain suspended.
IHG takes voco global with launch in US and Greater China; Chinese "Big Three" airlines expected to report profits in Q3.
The conglomerate has been weighed down by debt worth billions of dollars and has frequently delayed its bond payment commitments.
IHG’s first voco signing in Wuhan is a conversion property, which will be officially rebranded as voco Wuhan Xinhua in 2021.
Airlines have increased capacity to meet rising demand, but ticket prices are still low due to the pandemic.
Huazhu prices global offering at HKD 297 to raise around USD 783 million; Alibaba may invest in Grab to bolster its business in Southeast Asia.
Now under the same CEO, the two companies are in a better position to explore new opportunities.
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