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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.
Trip.com Group focuses on content, looking to be "a hub for travel inspiration"
12/03/2020|10:01:53 PM|
The company will work on securing boutique and diversified inventory in addition to sourcing deals of mass popularity.
Meituan bounces back in Q3, witnesses peak daily GTV across main businesses
12/03/2020|7:24:08 PM|
Medicines, flowers, late-night snacks… Meituan chose to look at existing resources for going deeper into consumers’ lives. The company's hotel bookings shot up in Q3 as demand for hotels “entirely shifted inward domestically”.
GreenTree Hospitality registers 8.6% drop in revenues for Q3
12/03/2020|5:19:38 PM|
RevPAR was down by 19.8% year-over-year.
Expedia Group reports 68% drop in gross bookings in Q3
11/05/2020|8:05:25 AM|
"The travel industry and the world still face a prolonged and bumpy path to recovery, with increasing COVID-19 cases and uncertainty around vaccine and therapeutic timelines."
Tongcheng-elong’s CEO throws light on effective recovery strategy in Q3
11/28/2020|8:52:19 PM|
The company is looking at cost-effective traffic sources, especially in lower-tier cities, and banking on technological innovations going forward. The plan is to have 200 million annual paying users by 2021.
China proposes global travel QR code; Officer leaves Airbnb on data concerns | Daily Brief
11/24/2020|7:18:04 AM|
Shanghai airport momentarily descends into chaos after workers test positive; Lifestyle travel brand Betterwood gets new investment.
WeChat marketing firm raises $50M; Singapore searches on Trip.com surge | Daily Brief
11/04/2020|11:58:49 PM|
China is exempt from Hong Kong’s new quarantine; Beijing-Shanghai high-speed rail to implement floating fares.
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