IHG's Greater China RevPAR drops 62% in half year; Macau casino stocks soar due to the resumption of mainland tourist visas.
The Greater China area generated USD 18 million in half-year revenue for IHG, and that's only 1.4% of the UK-based hotel chain's global income in the period.
The Mainland thirst to experience new and different things is at the cornerstone of their adventures abroad.
China business travel returns for Marriott; Accor, Alibaba Fliggy join forces at Super Brand Day.
The campaign during Accor Fliggy Super Brand Day will include a fan engagement programme featuring exclusive ROSEONLY prizes and cross-promotions at Fliggy and TMall.
Worldwide RevPAR has climbed steadily since its low point of down 90% for the month of April, to a decline of 70% for the month of July.
Greater Bay Airlines seeks Hong Kong approval to take off; Travel companies will be more cautious in approaching markets in China due to geopolitical tension.
Booking Holdings gets a triple return on Meituan investment; Jin Jiang remains Accor's biggest shareholder with a 13% stake.