Room nights from five-star hotels increased by more than 110% year over year in the fourth quarter.
Huazhu reports $471 million net income in Q4; Airwallex secures $100 million.
Huazhu's target is to reach 10,000 - 15,000 hotels in the next five years and the majority of them will still be midscale or economy hotels.
As at December 31, 2020, Lvji had developed 26,052 online tour guides covering tourist attractions in China and overseas.
Hotel turnover increased 17.5% year-over-year to RMB 11 billion for the fourth quarter, and decreased 5.6% to RMB 33 billion for the full year of 2020.
China to promote use of safe international travel pass with Russia; Hong Kong leader vows to discuss travel deals with overseas governments.
By 2023, Fosun Tourism plans to open 16 new Club Med resorts, half of which will be located in China.
The company’s digital solutions helped some merchants triple or quadruple their transaction values in WeChat.
