Net income for the full-year 2020 was USD 59 million, a 99% decrease versus the prior year.
Global theme park brands target lower-tier Chinese cities next five years; Macau casino operators’ stocks rally as China quarantine lifted.
In China, the recovery observed from the second quarter onwards gathered pace quarter after quarter, resulting in a 44.2% decline in RevPAR over the year.
Full-year RevPAR was down 52.5 percent and the recovery in Greater China was most advanced with Q4 RevPAR of -18.2 percent.
Japan raises concerns over China blacklist on overseas casino destinations; SAP Concur appoints general manager for Asia Pacific Japan, Greater China.
Sales of Selina's 30-day subscription products have risen 300% in the last four months.
Beijing starts vaccinating general public; Hong Kong, Singapore in talks again over postponed travel bubble.
US could lose $15-30 billion a year if Chinese tourism, education spending falls; Minor Hotels taps China's growing domestic tourism.