Autonomous vehicle tech firm Momenta raises $500M; Guangdong removes 7-day home quarantine for inbound arrivals.
The joint venture company, named Yongle Huazhu Hotel & Resort Group, is formed with a total registered capital of RMB 50 million.
Hyatt increases footprint in Asia Pacific; Trip.com Group mimicks partner Tripadvisor with new content offerings.
For companies seeking megatrends of the global travel recovery, the China market may provide some food for thought.
US warns it could restrict Cathay Pacific flights; Airlines fuel optimism that USA can replicate China’s rapid domestic recovery.
China asks visa applicants to get inoculated with Chinese-made vaccines; Leisure-focused OTA Tuniu expects to narrow revenue drop next quarter.
TravelSky projects annual net profit of more than $60 million; China to ease domestic travel restrictions, allowing train travel without COVID-19 test report.
The RevPAR of mid-scale full service hotels was RMB181.5 in the second half of 2020, representing an increase of 88.5% from RMB96.3 of the first half of 2020.
