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Investors offload stakes in Chinese OTA; Global hotel chains recover in China | Weekly Review

Booking loses $130 million in the sale of its Trip.com Group stake; Shanghai Disney theme park will reopen on May 11.

05/09/2020|11:15:38 PM|ChinaTravelNews

Hilton Q1 RevPAR declined 22.6%, full recovery years to come

In China, occupancy as of May 4 was approximately 40 percent, up from about 9 percent in early February.

05/09/2020|11:37:00 AM|ChinaTravelNews

Booking loses $130M in selling Trip.com stake; Hyatt occupancy rises in China | Daily Brief

45% of Chinese travelers plan to visit Vietnam this year; Hyatt Hotels' occupancy in Greater China have gradually improved.

05/09/2020|12:19:14 AM|ChinaTravelNews

Wyndham merges China unit into Asia; China's tourism revenue drops 60% | Daily Brief

China raked in tourism revenue of USD 6.79 billion in a holiday, 59.58% less than last year; China Eastern beat out Southwest as the biggest airline in the world in terms of seats available.

05/07/2020|11:52:27 PM|ChinaTravelNews

IHG's first-quarter RevPAR drops 65.3% in China

Recent weeks have continued to see a moderate improvement in occupancy levels which are running in the mid-20% range, up from a trough of ~5% in mid-February.

05/07/2020|10:57:40 PM|ChinaTravelNews

Wyndham Hotel merges its China unit into Asia Pacific to cut expenses

As of the end of 2019, the company had 154,600 hotel rooms in the Greater China region, but that only contributed 3% of Wyndham's royalties in the year.

05/07/2020|4:06:20 PM|ChinaTravelNews

Deutsche Hospitality accounts for 25% of Huazhu's total revenues in 2019

Huazhu Group scheduled to issue a shareholder loan of EUR 20 million to Deutsche Hospitality with a term of 12 months.

05/05/2020|4:38:46 PM|ChinaTravelNews

E-commerce giant buys into tour operator; TUI China kicks off holidays | Weekly Review

TUI China focuses on short-haul outdoor trips; Around 74.29% of the Chinese hotels and inns have ceased operation during COVID-19.

05/03/2020|12:22:17 PM|ChinaTravelNews
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