MakeMyTrip founder Deep Kalra is a big believer in “revenge travel”.
Hotel giant Huazhu reports nearly 32% drop in Q2 revenue; Hong Kong secures multiple first-ever MICE events amidst pandemic challenges.
China will gain USD 400 billion in revenue from domestic tourism in 2020, down 52% due to COVID-19.
The news comes as many other global hotel groups are rethinking their hotel stacks.
The State Department still urges Americans to reconsider travel to China, but it upgraded its advice from a blanket warning not to go to the country.
Occupancy at Legacy Huazhu was 79% in July and 84% in August.
Cathay Pacific aims for "survival" as it grounds two-fifths of passenger fleet; Asia Pacific accounts for 41% of global scheduled flights in August.
The top 5 airlines by flight volume compared to 2019 were American Airlines, China Eastern Airlines, Delta Air Lines, Southwest Airlines and United Airlines.
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