Search results for “performance market”
Wyndham reports a 40% revenue decline, but Greater China RevPAR performs far better than other regions
02/12/2021|11:56:55 PM|
System-wide rooms declined 4% year-over-year.
Hong Kong sees 93% fewer visitors; MSC Cruises to deploy two flagships in China | Daily Brief
01/18/2021|11:27:23 PM|
Stalled holiday travel worries Chinese airlines on profits; Trip.com Group "more confident than ever" in China’s long-term travel recovery.
Family-activity space provider Mini Mars secures tens of millions of yuan
02/04/2021|1:47:06 PM|
The company aims to launch more than 10 stores across the country in 2021.
China's hotel occupancy recovers faster than rest of world
12/31/2020|2:22:24 PM|
The weekly occupancy rate of the hotels in China was 61.7% as of the end of November, followed by Middle East (51%) and United States (35.7%).
CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million
12/25/2020|4:50:27 PM|
New Century Senbo offers short-distance vacations near cities to the Chinese middle-class consumers.
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020|11:31:23 AM|
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
Online travel giants Meituan, Tongcheng actively invest in hotel groups
01/07/2021|3:58:30 PM|
Chinese OTAs have a long history of buying into their hotel partners.
Trip.com Group’s Q3 accommodation revenue rose by 98% over Q2
12/04/2020|10:52:34 AM|
The domestic hotel market is leading the overall recovery, uplifting the entire travel sector in China. Trip.com Group’s accommodation revenue in Q3 was USD 365 million, a 98% increase from the previous quarter.
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