IHG takes voco global with launch in US and Greater China; Chinese "Big Three" airlines expected to report profits in Q3.
The biggest question, however, doesn’t really revolve around technology or destinations, it’s confidence.
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.
Now under the same CEO, the two companies are in a better position to explore new opportunities.
Working closely with Grab would enable Alibaba to strengthen its e-commerce operations in SEA and build a broader payments and commerce ecosystem, like WeChat Pay has in China.
MakeMyTrip founder Deep Kalra is a big believer in “revenge travel”.
Hotel giant Huazhu reports nearly 32% drop in Q2 revenue; Hong Kong secures multiple first-ever MICE events amidst pandemic challenges.
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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