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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

Alibaba Fliggy adopts Amadeus MetaConnect to provide seamless experience

New agreement will help Fliggy better aggregate and normalize travel content from multiple sources and enable it to offer more customized products and services to travelers.

02/01/2021|11:03:42 AM|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

Annual travel-funding report: Chinese companies raise $5.6 billion, down 70%

Quality services such as custom trips and outbound travel were among the most attractive targets for investors.

01/29/2021|10:47:31 AM|ChinaTravelNews
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