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.
Sociability, reaching an audience and design are key.
Hotel giant Huazhu reports nearly 32% drop in Q2 revenue; Hong Kong secures multiple first-ever MICE events amidst pandemic challenges.
The news comes as many other global hotel groups are rethinking their hotel stacks.
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.
China’s rapid rate of hotel recovery stems from a central, fast response to the virus with tight lockdowns, which may not be available elsewhere.
Tencent-invested OTA Tongcheng-Elong partners with LINE unit; High-end car-hailing startup secures $14.6 million in Pre-A round back by eHi Car Services.
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