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China to vaccinate 70% of population by 2022; Polar Bear Hotel faces criticism | Daily Brief
03/17/2021|11:11:51 PM|
US warns it could restrict Cathay Pacific flights; Airlines fuel optimism that USA can replicate China’s rapid domestic recovery.
Expedia reports net loss of $391 million in Q4
02/12/2021|11:41:06 AM|
Lodging revenue decreased 58% in the fourth quarter of 2020 on a 61% decrease in room nights stayed.
Booking Holdings revenue halved in 2020, predicting Apple’s entry into online travel reservations marketplace
02/25/2021|8:11:11 AM|
Net income for the full-year 2020 was USD 59 million, a 99% decrease versus the prior year.
Local trips and staycation a hit during Spring Festival, with ballooning demand for scenic spot ticketing
02/22/2021|2:56:13 PM|
The average value of high-end hotel reservations hit USD 450.5 over the holiday, up 407% from January.
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.
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.
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.
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.
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