Search results for “hotel performance”
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020|11:31:23 AM|
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million
12/25/2020|4:50:27 PM|
New Century Senbo offers short-distance vacations near cities to the Chinese middle-class consumers.
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.
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”.
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.
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.
Club Med, Thomas Cook works with DerbySoft; China, Cuba extend travel ties | Daily Brief
12/17/2020|6:42:14 PM|
Chinese carrier eyes Etihad's Air Serbia stake; Hainan offshore duty-free sales pass $3.8 billion for 2020.
China’s hotel industry sees 4 major new trends in H2
10/29/2020|6:19:51 PM|
The impact of the pandemic lingers, and Chinese consumers’ minds and behaviors have already radically changed.
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