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IHG sees half-year operating profit down by 84% in Greater China

IHG sees half-year operating profit down by 84% in Greater China

CEO Keith Barr said the company had a tough start in China this year.

08/12/2022|6:48:32 AM|ChinaTravelNews
Trip.com bookings rise in Europe, Asia; China sees 32M cross-border trips | Daily Brief

Trip.com bookings rise in Europe, Asia; China sees 32M cross-border trips | Daily Brief

Work-from-home helped OTA reduce quit rates by more than a third; Hotel companies can’t quit China even after pandemic lockdowns.

07/28/2022|1:17:58 AM|ChinaTravelNews
Hong Kong firm to buy Japanese park; China’s homegrown airliner nearly ready for take-off | Daily Brief

Hong Kong firm to buy Japanese park; China’s homegrown airliner nearly ready for take-off | Daily Brief

Hong Kong to cut hotel quarantine with health code; Greater Bay Airlines gets airborne in low-key launch.

07/25/2022|11:07:55 PM|ChinaTravelNews
Chinese premier eyes reopening international travel; Didi to be fined $1 billion | Daily Brief

Chinese premier eyes reopening international travel; Didi to be fined $1 billion | Daily Brief

Louvre Hotels enters Hungary; Space tourism is looking for liftoff in China.

07/21/2022|12:55:18 AM|ChinaTravelNews
China’s hotel investment down by 43.8% in H1; KKday bumps its Series C to $95 million | Daily Brief

China’s hotel investment down by 43.8% in H1; KKday bumps its Series C to $95 million | Daily Brief

Over half of Hong Kong travelers feel leisure travel is still important; Xpeng unit raises over $100 million.

07/14/2022|11:39:01 PM|ChinaTravelNews
OTA clashes with tour operators; Meituan-invested hotel group seeks IPO | Daily Brief

OTA clashes with tour operators; Meituan-invested hotel group seeks IPO | Daily Brief

eVTOL startups secure new funding rounds; China to further communicate with more countries to increase overseas flights.

07/14/2022|1:09:59 AM|ChinaTravelNews
Meituan-invested Chinese hotel group Dozzen seeks IPO

Meituan-invested Chinese hotel group Dozzen seeks IPO

Annual net profit attributable to shareholders of the group exceeded USD 15 million from 2019 to 2021.

07/13/2022|9:47:24 PM|ChinaTravelNews
Sunmei Group renamed as "Sunmei Digital Intelligence Technology Group"

Sunmei Group renamed as "Sunmei Digital Intelligence Technology Group"

As of December 31, 2021, the Group had over 5,800 hotels, with 3,979 operating hotels which ranked fifth.

07/12/2022|10:35:29 AM|ChinaTravelNews
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