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Alibaba invests in hotel wholesaler; OTA could raise $1.35 billion | Daily Brief
04/07/2021|11:30:58 PM|
Shiji jumps after Ant Group invests $68.6 million in retail system unit; Chinese travel rebounds during holiday while spending still lags.
TravelSky net profit plunges 85% in 2020, failing to meet expectation
04/02/2021|3:50:08 PM|
Aviation information technology service revenue represented 45.5% of the Group’s total revenue in Year 2020, as compared to 55.6% for Year 2019.
Marriott refines development strategy in China, focusing on “brand+destination”
03/05/2021|11:32:50 AM|
Marriott plans to open 60 or more hotels in China this year.
Smart hotel solution provider Xiezhu receives USD 45.6 million in Series B financing
03/31/2021|12:17:21 PM|
The proceeds will be used for product R&D, market expansion and customer service.
Trip.com Group revenue drops 40% in Q4, domestic hotel GMV rises
03/04/2021|6:32:43 AM|
Product development expenses accounted for 42% of net revenue in 2020.
Huazhu Group aims to be bigger, gears up for a brighter future
03/30/2021|10:44:56 AM|
The Chinese hotel company has carved out its strategic focus for 2021, built on property expansion, strengthening bonds with existing and new customers, both backed up astute data strategy and digitization project.
Tongcheng-Elong continues to garner users from non-1st-tier cities
03/29/2021|12:09:41 PM|
Highlights of Q4 2020 for the online travel company included its continued expansion of registered users from non-1st tier cities in China, user acquisition and an acquisition in the corporate travel sector.
Huazhu reports $471 million net income in Q4, expecting net revenue growth to top 50% in 2021
03/24/2021|10:15:50 PM|
Hotel turnover increased 17.5% year-over-year to RMB 11 billion for the fourth quarter, and decreased 5.6% to RMB 33 billion for the full year of 2020.
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