Huazhu's target is to reach 10,000 - 15,000 hotels in the next five years and the majority of them will still be midscale or economy hotels.
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.
China to promote use of safe international travel pass with Russia; Hong Kong leader vows to discuss travel deals with overseas governments.
By 2023, Fosun Tourism plans to open 16 new Club Med resorts, half of which will be located in China.
The company’s digital solutions helped some merchants triple or quadruple their transaction values in WeChat.
Autonomous vehicle tech firm Momenta raises $500M; Guangdong removes 7-day home quarantine for inbound arrivals.
The joint venture company, named Yongle Huazhu Hotel & Resort Group, is formed with a total registered capital of RMB 50 million.
Hyatt increases footprint in Asia Pacific; Trip.com Group mimicks partner Tripadvisor with new content offerings.
