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Greater China continues to lead Hyatt Hotels' recovery
08/04/2020|6:31:08 PM|
RevPAR in Greater China has shown continued improvement since May, with preliminary estimates indicating occupancy reaching 57% at the end of July.
Meituan reports 8.9% rise in revenue, 17% decline in hotel room nights
08/22/2020|11:10:23 AM|
Hotel business continued to be significantly affected by the pandemic, with the number of domestic room nights consumed in the second quarter decreasing by 17% to 78 million.
Daily flights in China rebound to 80%; Beijing airport to lose $100M in half year | Daily Brief
07/27/2020|10:36:51 PM|
Fosun warns investors of 76% slide in earnings as coronavirus ravages tourism business; Alibaba's credit scoring unit Zhima Credit launched a credit-based accommodation booking service.
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.
SAP Concur partners with eHi; Fosun set to lose Cirque du Soleil stake | Daily Brief
08/20/2020|11:51:51 PM|
Cathay Pacific's passenger numbers show improvement in July; Marriott opens 800th property in Asia Pacific.
Trip.com Group controls nearly 49% voting rights of MakeMyTrip
08/19/2020|11:51:53 PM|
The rising tension between China and India may pose a threat to business investments and partnerships between the two countries.
Trip.com works with Malaysia Airlines; More foreign carriers return to Shanghai | Daily Brief
07/25/2020|5:22:39 PM|
Chinese theme park operator made it third in the TEA/AECOM global theme park ranking; Chinese city built a new international airport double the size of Heathrow.
Robotics startup ExcelLand invested by hotel giants Huazhu and BTG Homeinns
08/18/2020|4:33:08 PM|
ExcelLand’s proprietary robots are already providing services in more than 200 cities.
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