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China's top airlines post record annual losses; Trip.com Group has Baidu as largest shareholder | Weekly Review
04/01/2023|10:26:05 AM|
Marriott expects over 500 hotels in Greater China in 2023; Meituan’s local commerce segment shines even in tough Q4.
China to resume inbound group travel; Japan to end test requirement for Chinese visitors | Daily Brief
03/31/2023|11:19:28 PM|
Alipay records rebound in outbound Chinese tourist spending amid recovery; Chinese carriers cut aviation fuel surcharges for second time this year to spur demand.
Marriott expects over 500 hotels in Greater China in 2023; DiDi’s autonomous driving starts commercial operation | Daily Brief
03/30/2023|9:33:00 PM|
Hong Kong tourism watchdog regulates budget tours; MGM China ends 2022 with loss of over HKD 5.2 billion.
Atour Lifestyle aims to operate 2,000 hotels by 2025
03/30/2023|8:27:15 PM|
The Chinese hotel group reported a net loss of USD 12 million for Q4, but a net income of USD 14 million for full year 2022.
Alibaba reorganizes into 6 units; Club Med owner says resort is ‘not for sale’ | Daily Brief
03/29/2023|11:21:40 PM|
Meituan co-founder acquires AI startup; Hong Kong’s travel industry council builds new B2B platform.
Hotel giant H World posts 10.7% revenue increase; domestic flights surpass pre-pandemic levels | Daily Brief
03/28/2023|9:54:43 PM|
China resumes 144-hour visa-free transit policy; Hong Kong tourism chief vows to tackle ‘poor quality’ tours.
Trip.com Group has Baidu as largest shareholder, over 90% transaction orders from mobile channels in 2022
03/28/2023|1:10:58 PM|
In 2022, Trip.com Group derived approximately 37% of the total revenues from accommodation reservation.
Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million
03/27/2023|8:54:17 PM|
H World expects its YoY revenue growth to be in the range of 61%-65% in 2023 Q1.
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