The average 2022 U.S. corporate negotiated rate could increase 10 percent to 15 percent year over year.
Despite rising levels of revenue, sales and marketing department expenditures are still on the decline for most of the property types.
While the COVID-19 pandemic continues to plague the global hospitality industry, China is showing signs of recovery.
Greece seen by millions through China’s WeChat channel; Airbus, Boeing China airline orders backlog shrinking.
The occupancy rate for all hotels in operation was 78.6%, an increase of 15.2 percentage points compared with the second quarter of 2020.
Hotels in Shanghai, Chengdu and Hangzhou, among others, are in final planning or already under construction.
US Olympians face uncertain trips to Beijing; Instant booking app FunNow raises $15M.
Trip.com saw strong and increasing demand for designated quarantine hotel bookings, with booking orders hitting a record high during the period.
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