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Japan, China resume business travel; Infor launches cloud PMS in China | Weekly Review

Trip.com Group-owned hotel chain Rezen invests in a hotel management firm; Homesharing giant Tujia's rural operation spin-off firm secures $15.3 million funding.

12/05/2020|11:57:31 PM|ChinaTravelNews

OTA hotel chain makes investment; Homestay giant's spinoff firm secures funding | Daily Brief

China's hotel titans put Marriott and Hilton to shame; Huazhu posts better-than-expected revenue growth in Q3.

12/05/2020|1:39:24 PM|ChinaTravelNews

Huazhu Group posts better-than-expected revenue growth in Q3

Huazhu expects net revenues to grow by 0%-3% year-over-year for the fourth quarter.

12/04/2020|8:37:54 PM|ChinaTravelNews

Trip.com Group’s Q3 accommodation revenue rose by 98% over Q2

The domestic hotel market is leading the overall recovery, uplifting the entire travel sector in China. Trip.com Group’s accommodation revenue in Q3 was USD 365 million, a 98% increase from the previous quarter.

12/04/2020|10:52:34 AM|ChinaTravelNews

Trip.com Group’s Rezen Hotels invests in hotel management firm Donggu

The OTA-owned hotel chain now operates more than 160 hotels that have over 20,000 rooms in total, as well as 10 million registered users.

12/04/2020|9:55:29 AM|ChinaTravelNews

China suspends 133 international flights; Trip.com Group focuses on content | Daily Brief

GreenTree Hospitality registers 8.6% drop in revenues; Meituan bounces back in Q3, witnesses peak daily GTV across main businesses.

12/04/2020|3:07:07 AM|ChinaTravelNews

Trip.com Group focuses on content, looking to be "a hub for travel inspiration"

The company will work on securing boutique and diversified inventory in addition to sourcing deals of mass popularity.

12/03/2020|10:01:53 PM|ChinaTravelNews

Meituan bounces back in Q3, witnesses peak daily GTV across main businesses

Medicines, flowers, late-night snacks… Meituan chose to look at existing resources for going deeper into consumers’ lives. The company's hotel bookings shot up in Q3 as demand for hotels “entirely shifted inward domestically”.

12/03/2020|7:24:08 PM|ChinaTravelNews
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