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China’s hotel recovery falls off rails; New airline seeks to fly 100+ routes | Daily Brief
01/25/2021|10:12:05 PM|
Chinese hotel chain Huazhu projects Q4 revenues to surpass previous guidance; UK museum reaches Chinese audiences through Alibaba Fliggy.
Hotel digitization solution provider Lumous closes Series B financing round
12/24/2020|2:53:40 PM|
Lumous has established partnerships with 70% of China’s top ten hotel brands including Jinjiang Hotels and BTG Homeinns.
China is going to be a locomotive for the travel train: Booking Holdings CEO
11/26/2020|11:56:37 AM|
Known for his balanced perspective, Booking Holdings’ CEO Glenn Fogel believes that one shouldn’t expect immediate rebound despite emerging developments around vaccines.
Japan, China resume business travel; Infor launches cloud PMS in China | Weekly Review
12/05/2020|11:57:31 PM|
Trip.com Group-owned hotel chain Rezen invests in a hotel management firm; Homesharing giant Tujia's rural operation spin-off firm secures $15.3 million funding.
Travel group LN Holdings acquires two tour operators to expand destination network
12/23/2020|11:50:54 PM|
Last month, Guangzhilv announced that it will acquire Shanghai Shenshen International Travel Service to set up its eastern destination-service system.
Trip.com Group’s Q3 accommodation revenue rose by 98% over Q2
12/04/2020|10:52:34 AM|
The domestic hotel market is leading the overall recovery, uplifting the entire travel sector in China. Trip.com Group’s accommodation revenue in Q3 was USD 365 million, a 98% increase from the previous quarter.
Hong Kong Disney park closes again; OTA revenues down by 85% | Daily Brief
12/02/2020|12:02:56 PM|
Asia Pacific hotel performance improves slightly in Q3; COTRI projects 100 million international trips by China in 2021.
ByteDance sets up a travel agency; Mafengwo sheds light on night tourism | Weekly Review
12/19/2020|10:17:57 PM|
Hilton CEO said China is second-largest market, key part of growth strategy; Alibaba-invested mobility platform Hellobike applies for hotel-related trademark.
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