The RevPAR in Asia was USD 42.7, down by 6.6% year-on-year.
Trivago reported a total revenue of € 38.2 million, a 73% decrease compared to the prior-year period.
ByteDance’s Douyin expects that its no-commission structure and huge traffic from short videos can lure consumers away from incumbent platforms like Meituan.
Net revenues for the three months ended March 31, 2021 decreased $107 million, or 26%, compared to the prior-year period.
If there’s no growth in the traditional hotel space, where do you go? You shift to another market that shows there is potential growth.”
The pandemic has led to the loss of roughly 30% of the city’s hotel rooms.
Hotel giant Huazhu Group changes CFO; Early tickets for Hong Kong-Singapore travel bubble sold out.
Mr. Teo Nee Chuan will resign as CFO for "personal reasons", effective May 10, while chief compliance officer Ms. Hui Chen will take over the position.
ChinaTravelNews is a wholly owned subsidiary of
©2020 TravelDaily Inc.