RevPAR was RMB 124 for the fourth quarter in 2020, down by 3.2% year-over-year but up by 4.1% quarter-over-quarter.
Luxury is all about diversification for different personality types and experiences, so a wider range of brands lets Accor achieve greater market share.
Meliá Hotels International has signed a third hotel in the Chinese city of Xian, which will open in 2025 and operate under the brand Innside by Melia.
Hong Kong wants to require a vaccine for Singapore travel bubble; Airbus increases deliveries as travel revives in US, China.
OTA data shows boom in Chinese demand for travel to Macao in upcoming May holiday; Air France to boost China Eastern venture after share issue.
Huazhu is planning to use Steigenberger Icons as a strategic vehicle to move into the luxury hotel segment within the Asian market.
Oracle's largest hospitality partner worldwide has set up a new Support Center in China and put it into effect.
Because of the rising demand, hotels in popular vacation spots like Hawaii and Mexico have been able to charge more than they did even pre-pandemic.