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China hotel trends report: Hoteliers express stronger confidence for Q1

12% of respondents expected hotel average occupancy rate to surpass 2019 level.

02/03/2021|2:42:45 PM|ChinaTravelNews

Upscale hotel chain expects profit drop; China's No. 4 airline to draw new investors | Daily Brief

Club Med owner Fosun Tourism expects annual loss of up to $410 million; Chinese airlines’ income for the festival travel may rush down 60%-70%.

02/03/2021|6:13:14 AM|ChinaTravelNews

Upscale hospitality group New Century projects 80%-90% less profit

In the second half of 2020, the hotel chain's occupancy rate and RevPAR were significantly improved.

02/03/2021|6:03:23 AM|ChinaTravelNews

Club Med owner Fosun Tourism expects annual loss of up to $410 million

Club Med resorts had 57% less business in 2020 than that in 2019.

02/03/2021|5:40:44 AM|ChinaTravelNews

Alibaba Fliggy works with Amadeus; OYO China CEO to lead international units | Daily Brief

China suspends most foreign nationals traveling from Canada; Chinese airlines among alleged victims of $10 billion embezzlement.

02/01/2021|10:55:37 PM|ChinaTravelNews

OYO picks its China executives to lead International, European units

OYO founder Ritesh Agarwal said the company's China RevPar is back to 74% of pre-COVID level, OYO now has 2000+ hotels in the country and consistently is "adding thousands of rooms per month".

02/01/2021|4:26:49 PM|ChinaTravelNews

China recovery falls off rails; Conglomerate HNA faces bankruptcy | Weekly Review

Travel experience booking platform Klook raises $200 million; China set to expand blacklist of overseas tourist destinations.

01/30/2021|11:52:06 PM|ChinaTravelNews

Creditors filed petition for HNA bankruptcy; Sands to invest $10 billion in Macau | Daily Brief

Chinese travel companies raise $5.6 billion last year; China rejects BN(O) passport as travel document.

01/29/2021|11:45:51 PM|ChinaTravelNews
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