In Q4 2018, the ARR of China’s star-rated hotels was 356.34 yuan per room night, up by 1.17%; the AOR was 57.43%, down by 0.50% and RevPAR was 204.63 yuan, up by 0.66%.
TravelPerk is only now in a position to offer this product because it has spent the past several years gathering data on when and why travelers cancel bookings.
Fun-filled leisure biz booms in China as foreign, domestic labels vie for big money and market share.
Argentina is banking on the old adage of a man's heart is through his stomach to attract more Chinese tourism, and the strategy is part of "Hilton Huanying" program.
From 2012 to 2018, the compound growth rate of online booking of vacation travel increased 42.97%, slightly higher than the 41.76% of the overall travel booking on the Internet.
China remained the biggest tourist source market for Thailand and accounted for the bulk of Thailand’s tourism income.
A key question remains whether it is better to launch a dedicated brand in China, or adapt a chain’s existing brands to the local market.
The market for illuminated scenic spots in China reached 68 billion yuan (US$9.88 billion) in 2017, with the value of the market estimated to rise to 100 billion in 2020.
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