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OTAs buy into hoteliers; MGM China advised to partner travel giants | Weekly Review
01/09/2021|9:49:25 PM|
China restricts travel for 11 million people in northern city; Weibo big data report shows family travel and “go west” are trending for hotels.
Family-activity firm raise fund; America to overhaul Asia in flights | Daily Brief
02/04/2021|11:04:41 PM|
Chinese travelers are more optimistic about travel in 2021; China Eastern Airlines gets $1.7 billion lifeline.
North America poised to overhaul Asia Pacific for daily passenger jet flights
02/04/2021|10:31:31 PM|
Chinese operators have subsequently suffered a dramatic reversal in fortunes just as the New Year holiday period approaches.
Holiday travel outlook gets worse; Singapore sees 88% fewer Chinese visitors | Daily Brief
02/03/2021|11:07:11 PM|
Hong Kong Airlines in danger of getting wings clipped; New York investment firm acquires 6.64% stake in Trip.com Group.
Upscale hotel chain expects profit drop; China's No. 4 airline to draw new investors | Daily Brief
02/03/2021|6:13:14 AM|
Club Med owner Fosun Tourism expects annual loss of up to $410 million; Chinese airlines’ income for the festival travel may rush down 60%-70%.
Upscale hospitality group New Century projects 80%-90% less profit
02/03/2021|6:03:23 AM|
In the second half of 2020, the hotel chain's occupancy rate and RevPAR were significantly improved.
Club Med owner Fosun Tourism expects annual loss of up to $410 million
02/03/2021|5:40:44 AM|
Club Med resorts had 57% less business in 2020 than that in 2019.
ByteDance sets up a travel agency; Mafengwo sheds light on night tourism | Weekly Review
12/19/2020|10:17:57 PM|
Hilton CEO said China is second-largest market, key part of growth strategy; Alibaba-invested mobility platform Hellobike applies for hotel-related trademark.
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