One major problem is the near-total absence of international travelers, although occupancy on the books is high around the rescheduled dates for the Olympics.
For companies seeking megatrends of the global travel recovery, the China market may provide some food for thought.
As positivity increases in terms of COVID recovery, investors and owners diverge greatly in Europe’s hotel trading.
US warns it could restrict Cathay Pacific flights; Airlines fuel optimism that USA can replicate China’s rapid domestic recovery.
Interest in staying at the hotel, where rooms range from 1,888 to 2,288 yuan ($290.10 to $351.56) per night was "very high".
China asks visa applicants to get inoculated with Chinese-made vaccines; Leisure-focused OTA Tuniu expects to narrow revenue drop next quarter.
TravelSky projects annual net profit of more than $60 million; China to ease domestic travel restrictions, allowing train travel without COVID-19 test report.
The RevPAR of mid-scale full service hotels was RMB181.5 in the second half of 2020, representing an increase of 88.5% from RMB96.3 of the first half of 2020.