IHG takes voco global with launch in US and Greater China; Chinese "Big Three" airlines expected to report profits in Q3.
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.
Of the five-star segment, the resorts were reporting an average occupancy rate of 80% for the Golden Week period.
Hotel giant Huazhu reports nearly 32% drop in Q2 revenue; Hong Kong secures multiple first-ever MICE events amidst pandemic challenges.
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.
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 deal comes after Singapore launched an SGD 45 million marketing campaign in July to encourage local holidays amid a plunge in foreign visitor arrivals due to COVID-19 travel restrictions.
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