RevPAR of the Legacy-Huazhu hotels (excluding Deutsche Hospitality) for the fourth quarter was RMB 186, down by 2.4% year-over-year, but up from RMB 179 in the previous quarter.
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.
Upscale hotel chain just got listed on Hong Kong Stock Exchange less than two years ago.
Hong Kong extends travel ban to Ireland and Brazil; Skyscanner pinpoints unserved routes for airlines via traveler intent tech.
For the Greater China region, Accor plans to open five major hotels in Sanya, Hangzhou, Hong Kong, Chengdu and Pinghu.
