Recent weeks have continued to see a moderate improvement in occupancy levels which are running in the mid-20% range, up from a trough of ~5% in mid-February.
As of the end of 2019, the company had 154,600 hotel rooms in the Greater China region, but that only contributed 3% of Wyndham's royalties in the year.
Huazhu Group scheduled to issue a shareholder loan of EUR 20 million to Deutsche Hospitality with a term of 12 months.
TUI China focuses on short-haul outdoor trips; Around 74.29% of the Chinese hotels and inns have ceased operation during COVID-19.
Spring Airlines will open 47 domestic routes to meet increasing travel demand; Shanghai tourist attractions require reservations for holiday.
Operating revenue beyond mainland China were RMB 424 million, or 11.58% of total revenue, up by 69.11%.
TUI China kicks off curated short-haul holidays; South Korea has agreed with China to start facilitating some business travel between the two.
While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.
