Executives at companies like Accor, IHG, and Hyatt were similarly optimistic about the recovery outlook in China.
It causes a huge disadvantage for independent hotels trying to generate more “book direct” business, since they usually do not have the lowest rate available on their own direct channels.
Accor strengthens partnership with Alibaba Fliggy; Sequoia China, Ocean Link to invest in high-end hotel chain.
Hong Kong, Singapore dethroned by Incheon as Asia’s busiest hub; Airlines in reverse with capacity cuts from Europe to China.
The company has served 30,000 short-term rental hosts/managers with over 4,000 paid customers across 300+ cities.
Minor Hotels partners with Funyard Hotels for China expansion; China estimates 40% fall in Lunar New Year passenger trips from 2019.
French hotel chain further elevates strategic alliance with Chinese e-commerce giant.
With demand for leisure and resort services shifting from overseas to domestic, optimism about China’s tourism and resort market is at an all-time high.