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Booking reports faster growth in gross travel bookings than Expedia

Booking reports faster growth in gross travel bookings than Expedia

Both OTA giants set record highs in the first quarter.

05/05/2023|8:27:04 AM|ChinaTravelNews
Atour Lifestyle aims to operate 2,000 hotels by 2025

Atour Lifestyle aims to operate 2,000 hotels by 2025

The Chinese hotel group reported a net loss of USD 12 million for Q4, but a net income of USD 14 million for full year 2022.

03/30/2023|8:27:15 PM|ChinaTravelNews
Trip.com Group has Baidu as largest shareholder, over 90% transaction orders from mobile channels in 2022

Trip.com Group has Baidu as largest shareholder, over 90% transaction orders from mobile channels in 2022

In 2022, Trip.com Group derived approximately 37% of the total revenues from accommodation reservation.

03/28/2023|1:10:58 PM|ChinaTravelNews
Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

The business volume of Club Med in Mainland China recovered to 54.3% of that of the same period in 2019.

03/27/2023|11:07:17 AM|ChinaTravelNews
Meituan posts $970 million annual loss

Meituan posts $970 million annual loss

Revenue rose 22.8% from 2021 to 2022.

03/24/2023|5:27:33 PM|ChinaTravelNews
Tongcheng Travel highlights its marketing excellence

Tongcheng Travel highlights its marketing excellence

The online travel company stated that its decision to target students and also promote its loyalty membership initiative was complemented by marketing campaigns in 2022.

03/24/2023|11:05:06 AM|Ritesh Gupta, ChinaTravelNews
Tencent-invested travel company reports 18.8% drop in Q4 revenue

Tencent-invested travel company reports 18.8% drop in Q4 revenue

GMV decreased by 20.4% year-to-year.

03/21/2023|5:38:00 PM|ChinaTravelNews
Leisure travel firm Tuniu reports 62.8% decline in Q4 revenue

Leisure travel firm Tuniu reports 62.8% decline in Q4 revenue

The company expects net revenues to increase by 45%-55% in Q1 2023.

03/17/2023|7:39:13 PM|ChinaTravelNews
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