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Leisure-focused OTA Tuniu expects to narrow revenue drop next quarter

The company further strengthened cost-control measures and continued to optimize internal management system.

03/16/2021|6:40:44 PM|ChinaTravelNews

Hotel membership operator OTM secures RMB 40 million in an angel round

OTM has established cooperation with more than 500 hotels since December 2020.

03/16/2021|5:20:49 PM|ChinaTravelNews

Trip.com filing: Baidu remains its largest shareholder, international revenue drops significantly

Revenue from other regions across the globe decreased from 12.5% in 2019 to 7.1% in 2020.

03/16/2021|5:10:46 PM|ChinaTravelNews

Global theme park brands accelerate expansion; China plans "1-2-3 Travel Circle" | Daily Brief

TravelSky projects annual net profit of more than $60 million; China to ease domestic travel restrictions, allowing train travel without COVID-19 test report.

03/15/2021|11:28:56 PM|ChinaTravelNews

Upscale hotel group New Century reports 17% revenue decrease in 2020

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.

03/15/2021|9:45:34 PM|ChinaTravelNews

Ambition, competition drive international theme park operators to accelerate expansion in China

Merlin Entertainments planned to build 20 more Legoland parks over the next few years, at least five of them will be in China.

03/14/2021|6:46:15 PM|ChinaTravelNews

Singapore-Hong Kong bubble still in talks; China signals softening of travel restrictions | Daily Brief

LEGO Group reaffirms investment in China; Trip.com Group names Finn Partners as agency of record.

03/12/2021|9:31:30 PM|ChinaTravelNews

Deutsche Hospitality CEO: Finding the right partner in China is important

The German hotel group plans to quintuple its hotel portfolio by 2025, partly through mergers and acquisitions.

03/15/2021|10:48:55 PM|Jerry Tang, ChinaTravelNews
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