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Huazhu reports $471 million net income in Q4, expecting net revenue growth to top 50% in 2021
03/24/2021|10:15:50 PM|
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.
Airbnb asked to drop ties to Beijing Winter Olympics; OTA sees "robust recovery trend" | Daily Brief
03/23/2021|9:07:55 PM|
Autonomous vehicle tech firm Momenta raises $500M; Guangdong removes 7-day home quarantine for inbound arrivals.
Travel photography startup raises fund; Shanghai International Resort aims to be 'tourism city' | Daily Brief
04/29/2021|11:49:40 PM|
Trans-Pacific air tickets soar after US lifts pupil journey restrictions; Full recovery of China outbound leisure travel is unlikely before Mid-2023.
Full recovery of China outbound leisure travel is unlikely before Mid-2023
04/29/2021|10:48:06 PM|
Hainan competing with Hong Kong as the Chinese shopping paradise.
Travel photography platform Bojue Photography attracts strategic investment from state-controlled fund
04/29/2021|2:15:57 PM|
Bojue photography was ranked among the Top 20 brands for omni-media advertising.
State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name
04/03/2021|12:19:33 AM|
In 2020, Jin Jiang had around 13% of its revenue from overseas markets, down from the 20% overseas share in 2019.
Major Chinese OTA Tongcheng-Elong sees "continuing robust recovery trend" in Q4
03/23/2021|5:55:54 PM|
The company's average monthly paying users increased by 5.9% year-to-year to 28.7 million in Q4 2020, but average monthly active users decreased by 4.8% to 196.0 million.
Trip.com Group revenue drops 40% in Q4, domestic hotel GMV rises
03/04/2021|6:32:43 AM|
Product development expenses accounted for 42% of net revenue in 2020.
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Trip.com Group reports 70% rise in Q1 international OTA platform revenue

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China, Japan and South Korea target 40 million tourist exchanges by 2030

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