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Fosun Tourism posts 50% drop in half-year revenue
08/26/2020|5:17:05 PM|
The company launched the “Thomas Cook Lifestyle Platform” and recorded over 104,000 registered users and transaction volume of around USD 4.8 million in less than a month.
Beijing tightens regulations on urban home-sharing business
08/25/2020|11:29:45 AM|
The move is intended to promote sustainable development in the long run, though homestay players will be hit in the short term.
Japan to ease travel curbs for China; Canada updates Hong Kong advisory | Daily Brief
07/02/2020|6:45:06 AM|
Around 90% of staff at Cathay Pacific agreed to take unpaid leave in a second round of cost-saving measures; Chinese hotel chain Huazhu recorded a 15.7% drop in Q1 net revenue.
Deutsche Hospitality accounts for 25% of Huazhu's total revenues in 2019
05/05/2020|4:38:46 PM|
Huazhu Group scheduled to issue a shareholder loan of EUR 20 million to Deutsche Hospitality with a term of 12 months.
Chinese hotel giant Huazhu offloads partial stake in Accor last year
04/25/2020|8:22:54 PM|
Same-hotel RevPAR growth continued to slow down in 2018-2019, reflecting oversupply in hotel market and intensified competition in greater accommodation industry with alternative lodging.
Chinese airlines see significant Q1 losses, mull buying embattled Virgin Australia | Daily Brief
04/20/2020|11:13:25 PM|
Three state-owned Chinese airline giants expect significant losses in the quarter; Beijing reopens 30% of its major tourist sites.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020|8:19:48 AM|
Huazhu is expected to close 350-450 hotels, including planned closure of 300-350 hotels and special closure of 50-100 hotels impacted by COVID-19.
Hotel firm GreenTree expects a 30%-35% drop in Q1 revenue
04/14/2020|9:35:51 PM|
Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.
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