Greater China hotels sector is well-positioned to lead APAC recovery; Chinese residents flock to theme parks.
Pinduoduo ventures into hotel business, taking on Trip.com and Meituan; Airbnb adds 100,000+ new guests in China.
Chinese OTA Tuniu reported 97% drop in packaged-tour revenue; TravelSky posted 40% decrease in half-year revenue.
Airbnb adds 100,000+ new guests in China; Business travel in China is still slow.
Shanghai hotel occupancy hit post-COVID high; Fosun Tourism posted 50% drop in half-year revenue.
Pinduoduo ventured into hotel business, taking on Trip.com and Meituan; Beijing tightened regulations on urban home-sharing business.
Singapore relaxed coronavirus travel restrictions for China; Chinese visitors to Thailand dropped from over 10 million to 1.2 million.
Meituan sees 17% decline in hotel room nights in Q2; Contactless travel starts at Beijing airport.
