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International hotel performance drops in China: Is business travel to blame?

08/23/2024|12:18:16 PM|

Business demand accounts for approximately 60% of hotel stays, while leisure demand makes up the remaining 40%.

Chinese hotel giant H World sees Q2 RevPAR down by 2%

08/21/2024|12:40:43 PM|

There are 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024.

Tencent-invested Tongcheng Travel reports 48% rise in Q2 revenue

08/21/2024|12:25:07 PM|

Annual paying users reach 230 million.

Does China worry about overtourism?

08/19/2024|2:18:40 PM|

Beijing occupies half of the top ten spots on the Qunar platform's list of top summer tourist attractions nationwide.

Chinese tourist visas to Japan still recovering slowly

08/19/2024|2:12:21 PM|

The number has only returned to 35% of pre-pandemic levels.

PayPal enters China market by acquisition of payment license holder GoPay

09/30/2019|5:51:18 PM|

PayPal has acquired 70% of GoPay through Paypal Information Technology (Shanghai), the Nasdaq-listed company's subsidiary in China.

China's GreenTree Hospitality posts sharp decline in performance

08/16/2024|2:28:18 PM|

Hotel revenues for 2024 were RMB264.6 million (US$36.4 million), a 14.8% year-over-year decrease.

Fliggy thrives on might of Alibaba ecosystem

10/21/2019|8:48:47 AM|

Alibaba’s China retail marketplaces had 755 million MAUs in June 2019. This userbase is being constantly exposed to Fliggy as a part of cross-selling tactics.

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