Chinese travel companies raise $5.6 billion last year; China rejects BN(O) passport as travel document.
Quality services such as custom trips and outbound travel were among the most attractive targets for investors.
Gross bookings improved to $598.8 million in 3Q21 versus $213.0 million in 2Q21, reflecting an increase of 181.5% QoQ.
China offers flight refunds to curb travel; Homestay industry on track to recovery.
Branded properties accounted for only 5.6% of the alternative accommodation market, which was dominated by small- and medium-sized brands.
Ethan Lin, co-founder and CEO of Klook, said there is “no significant fluctuation in valuation”.
Chinese hotel chain Huazhu projects Q4 revenues to surpass previous guidance; UK museum reaches Chinese audiences through Alibaba Fliggy.
Accor strengthens partnership with Alibaba Fliggy; Sequoia China, Ocean Link to invest in high-end hotel chain.
