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H World shows faith in lower-tier cities residents’ spending power

H World shows faith in lower-tier cities residents’ spending power

Lower-tier cities in China offer a massive growth potential, especially considering the fact that around 70% of China’s population resides in these locations.

08/29/2023|3:35:34 PM|Ritesh Gupta, ChinaTravelNews
China scraps last Covid travel requirement; US, China in talks to boost tourism ties | Daily Brief

China scraps last Covid travel requirement; US, China in talks to boost tourism ties | Daily Brief

Companies start canceling tours to Japan; Skyscanner’s ChatGPT plug-in goes live.

08/28/2023|7:15:37 PM|ChinaTravelNews
China’s hotel chain Zhiding Yuemei files for U.S. IPO; Meituan posts $644 million net profit in Q2 | Weekly Review

China’s hotel chain Zhiding Yuemei files for U.S. IPO; Meituan posts $644 million net profit in Q2 | Weekly Review

Hilton bets on China’s middle class as it eyes about 730 hotels in next 10 years; Trip.com Group forms joint venture with Japan's JTB.

08/26/2023|10:41:49 AM|ChinaTravelNews
Trip.com Group forms joint venture with JTB; Japan bets on WeChat to hook Chinese tourists | Daily Brief

Trip.com Group forms joint venture with JTB; Japan bets on WeChat to hook Chinese tourists | Daily Brief

Russia and China discuss expanding flight routes; China’s tourism grows faster than GDP.

08/25/2023|7:28:35 PM|ChinaTravelNews
Meituan revenue rises 33% in Q2, netting a $644 million profit

Meituan revenue rises 33% in Q2, netting a $644 million profit

In-store, hotel & travel business grew with transaction volume up by over 120%.

08/25/2023|2:18:45 PM|ChinaTravelNews
Hotel giant H World posts 63.5% increase in Q2 revenue; Group tours return to Japan but ‘explosive spending’ unlikely | Daily Brief

Hotel giant H World posts 63.5% increase in Q2 revenue; Group tours return to Japan but ‘explosive spending’ unlikely | Daily Brief

Hotel chain Zhiding Yuemei files for U.S. IPO; China’s civil aviation passenger transport scale reaches new heights.

08/24/2023|7:02:32 PM|ChinaTravelNews
Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

For Legacy-Huazhu business, RevPAR in Q2 2023 recovered to 121% of the Q2 2019 level.

08/24/2023|6:54:29 PM|ChinaTravelNews
China’s hotel chain and SaaS provider Zhiding Yuemei files for U.S. IPO

China’s hotel chain and SaaS provider Zhiding Yuemei files for U.S. IPO

Zhiding Yuemei plans to raise an additional capital of USD 50,000,000 in Pre-IPO.

08/24/2023|10:18:47 AM|ChinaTravelNews
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