GreenCloud is stepping up efforts in the culture tourism front.
OYO has finally appointed a CEO for its China unit; The world's top 50 hotel brands are losing USD 14 billion in value.
The hotel sector is heavily impacted by COVID-19 and brands could lose up to USD 14 billion of cumulative brand value; China dismisses suspending applications for private passports as a rumor.
Hilton remains world’s most valuable hotel brand, up an impressive 35%. Mercure is fastest growing brand, following staggering 57% growth.
Net revenue is expected to decrease by 24% to 29% for the second quarter this year.
Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.
They are tapping into a sizeable market of USD 20 billion in Southeast Asia.
The first and biggest group of people to come out and engage were millennials. Everything digital is becoming the new norm for them.
ChinaTravelNews is a wholly owned subsidiary of
©2020 TravelDaily Inc.