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Discount pricing + digital tools drive domestic travel transactions in China
07/23/2020|6:04:56 PM|
Chinese online platforms are focusing on digital tools, especially live-streaming, to revive spending. The plan is to drive domestic travel sales volume through discounts, a tactic being described as a short-term phenomenon.
China’s sharing accommodation suffers 72.1% decline in transaction volume
07/23/2020|1:40:46 PM|
However, the accommodation rental market has been on a rebound since March.
Didi starts international travel agency; Trip.com faces more challenges | Weekly Review
06/01/2020|10:59:28 AM|
The worse is yet to come as Trip.com Group projected net revenue to drop by 67%-77% in Q2; TravelSky sells a stake in its consumer-facing app to China Southern Airlines.
US rejects adding more Chinese flights; Greater China leads Hyatt's recovery | Daily Brief
08/05/2020|1:13:10 AM|
Hotel investment in Asia plunged 45% in the first half of this year; Indonesia to set up travel corridors with China and UAE.
OTA gets green light for US investment; Fliggy offers Fly At Will flight deals | Weekly Review
07/19/2020|12:21:24 PM|
Short-term rental firm Xiaozhu teamed up with lifestyle social network Xiaohongshu; E-commerce giant JD.com invested in the digital unit of Beijing Tourism Group to expand in the travel industry.
Marriott posts new jobs in China; Hong Kong to open to transit passengers | Daily Brief
05/28/2020|12:30:53 AM|
Midscale and economy hotels are driving the recovery of China's hotel market; Cathay Pacific's brand merger hits roadblock from Chinese regulator.
OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020|12:27:48 AM|
Hong Kong will buy 500,000 flight tickets from the city’s airlines as part of a stimulus; China's domestic travelers decreased 61.4% during a three-day holiday.
China's Jin Jiang ranked the world's second biggest hotel group in 2019
07/28/2020|11:51:57 PM|
Seven Chinese hotel groups made it to the global top 20 hotel groups by room number.
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