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Upscale hotel chain expects profit drop; China's No. 4 airline to draw new investors | Daily Brief
02/03/2021|6:13:14 AM|
Club Med owner Fosun Tourism expects annual loss of up to $410 million; Chinese airlines’ income for the festival travel may rush down 60%-70%.
Upscale hospitality group New Century projects 80%-90% less profit
02/03/2021|6:03:23 AM|
In the second half of 2020, the hotel chain's occupancy rate and RevPAR were significantly improved.
Club Med owner Fosun Tourism expects annual loss of up to $410 million
02/03/2021|5:40:44 AM|
Club Med resorts had 57% less business in 2020 than that in 2019.
Alibaba Fliggy works with Amadeus; OYO China CEO to lead international units | Daily Brief
02/01/2021|10:55:37 PM|
China suspends most foreign nationals traveling from Canada; Chinese airlines among alleged victims of $10 billion embezzlement.
OYO picks its China executives to lead International, European units
02/01/2021|4:26:49 PM|
OYO founder Ritesh Agarwal said the company's China RevPar is back to 74% of pre-COVID level, OYO now has 2000+ hotels in the country and consistently is "adding thousands of rooms per month".
Alibaba Fliggy adopts Amadeus MetaConnect to provide seamless experience
02/01/2021|11:03:42 AM|
New agreement will help Fliggy better aggregate and normalize travel content from multiple sources and enable it to offer more customized products and services to travelers.
China recovery falls off rails; Conglomerate HNA faces bankruptcy | Weekly Review
01/30/2021|11:52:06 PM|
Travel experience booking platform Klook raises $200 million; China set to expand blacklist of overseas tourist destinations.
Creditors filed petition for HNA bankruptcy; Sands to invest $10 billion in Macau | Daily Brief
01/29/2021|11:45:51 PM|
Chinese travel companies raise $5.6 billion last year; China rejects BN(O) passport as travel document.
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