Search results for “lower-tier cities”
Domestic and international trips in China expected to rebound in second half
03/02/2021|6:25:44 PM|
Outbound travel is expected to increase by 70% compared to 2020.
On track to recovery, China’s home-share industry sees great potential
01/26/2021|11:27:51 AM|
Branded properties accounted for only 5.6% of the alternative accommodation market, which was dominated by small- and medium-sized brands.
Tongcheng-elong’s CEO throws light on effective recovery strategy in Q3
11/28/2020|8:52:19 PM|
The company is looking at cost-effective traffic sources, especially in lower-tier cities, and banking on technological innovations going forward. The plan is to have 200 million annual paying users by 2021.
Trip.com Group’s Q3 accommodation revenue rose by 98% over Q2
12/04/2020|10:52:34 AM|
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.
Looking at novel variables for evaluating e-commerce activities of shoppers
12/18/2020|8:00:59 AM|
Where is “night economy” thriving? How can online grocery shoppers be targeted for travel products? Agile travel e-commerce brands can learn from China about how to find ways to get into the shopping loop of consumers and boost their business recovery.
Meituan bounces back in Q3, witnesses peak daily GTV across main businesses
12/03/2020|7:24:08 PM|
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”.
China's domestic air market recovered; Indebted HNA to sell US asset | Daily Brief
12/10/2020|12:17:30 AM|
JD, China Southern Airlines launch ship-to-home luggage service; Travel agencies in China handle over 10 million domestic trips in Q2, down 79% from last year.
Tencent-backed OTA reports $292 million in revenue, almost back to the same level of last year in Q3
11/23/2020|6:23:16 PM|
The year-to-year decrease of adjusted profit was narrowed down to 11.2% in the third quarter of 2020 from 43.2% in the previous quarter.
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