Quality services such as custom trips and outbound travel were among the most attractive targets for investors.
Ethan Lin, co-founder and CEO of Klook, said there is “no significant fluctuation in valuation”.
HNA Group owns more than 2,300 companies, and the risk disposal plans were "extremely complicated".
RevPAR of the Legacy-Huazhu hotels (excluding Deutsche Hospitality) for the fourth quarter was RMB 186, down by 2.4% year-over-year, but up from RMB 179 in the previous quarter.
The company has served 30,000 short-term rental hosts/managers with over 4,000 paid customers across 300+ cities.
The full-year profit prediction for 2020 demonstrates a positive sign of recovery, as the company reported a net loss of RMB 306 million for the first half of the year.
Upscale hotel chain just got listed on Hong Kong Stock Exchange less than two years ago.
Unlike studio-themed parks in America and Europe which tend to look towards the past, the relative youth of China’s homegrown IP-based LBE industry is all about looking forward.
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