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Alibaba reorganizes into 6 units; Club Med owner says resort is ‘not for sale’ | Daily Brief

Alibaba reorganizes into 6 units; Club Med owner says resort is ‘not for sale’ | Daily Brief

Meituan co-founder acquires AI startup; Hong Kong’s travel industry council builds new B2B platform.

03/29/2023|11:21:40 PM|ChinaTravelNews
Hotel giant H World posts 10.7% revenue increase; domestic flights surpass pre-pandemic levels | Daily Brief

Hotel giant H World posts 10.7% revenue increase; domestic flights surpass pre-pandemic levels | Daily Brief

China resumes 144-hour visa-free transit policy; Hong Kong tourism chief vows to tackle ‘poor quality’ tours.

03/28/2023|9:54:43 PM|ChinaTravelNews
Trip.com Group has Baidu as largest shareholder, over 90% transaction orders from mobile channels in 2022

Trip.com Group has Baidu as largest shareholder, over 90% transaction orders from mobile channels in 2022

In 2022, Trip.com Group derived approximately 37% of the total revenues from accommodation reservation.

03/28/2023|1:10:58 PM|ChinaTravelNews
Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

H World expects its YoY revenue growth to be in the range of 61%-65% in 2023 Q1.

03/27/2023|8:54:17 PM|ChinaTravelNews
Saudi Arabia, China discuss tourism collaborations; Dutch airlines resume direct flights to Beijing | Daily Brief

Saudi Arabia, China discuss tourism collaborations; Dutch airlines resume direct flights to Beijing | Daily Brief

Club Med owner Fosun Tourism narrows annual loss; Hong Kong pins hope on Golden Week to attract tourists back.

03/27/2023|4:05:10 PM|ChinaTravelNews
Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

The business volume of Club Med in Mainland China recovered to 54.3% of that of the same period in 2019.

03/27/2023|11:07:17 AM|ChinaTravelNews
Meituan’s local commerce segment shines even in tough Q4

Meituan’s local commerce segment shines even in tough Q4

The company shared that operating profit of its local commerce segment, led by the food delivery business, rose by 41% in Q4, even as its hotel and travel business suffered during the same period.

03/26/2023|11:06:18 AM|Ritesh Gupta, ChinaTravelNews
Meituan posts $970 million annual loss; May Day holiday travel demand rising | Weekly Review

Meituan posts $970 million annual loss; May Day holiday travel demand rising | Weekly Review

Baidu, Pony.ai win permits to offer driverless robotaxi services in Beijing; Connexus Travel to undergo digital transformation in FREED camp.

03/25/2023|10:55:40 AM|ChinaTravelNews
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