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Hotel giant seeks innovative structure; Beijing tourism revenue plunges 53% | Daily Brief
03/25/2021|11:53:51 PM|
Huazhu reports $471 million net income in Q4; Airwallex secures $100 million.
Hotel group Huazhu pares loss and expects revenues to rise 87%-89% in Q2
05/25/2021|11:34:28 PM|
Net revenues increased 15.6% year-over-year to USD 355 million for the first quarter.
China is going to be a locomotive for the travel train: Booking Holdings CEO
11/26/2020|11:56:37 AM|
Known for his balanced perspective, Booking Holdings’ CEO Glenn Fogel believes that one shouldn’t expect immediate rebound despite emerging developments around vaccines.
Hotels account for 62% of China’s lodging industry, most in economy segment
05/19/2021|8:31:21 AM|
Only 18% or 50,000 hotel properties were in the midscale, upscale and luxury categories.
Lifestyle hotel brand Atour reportedly plans $300m US IPO
04/19/2021|3:57:18 PM|
The company was backed by Legend Capital and Alibaba’s former CEO Mr. Zhaoxi Lu in previous funding round.
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.
China imposes tougher flight restrictions; New Year holiday bookings reach peak | Daily Brief
12/19/2020|12:40:33 AM|
Disney's chairman Robert Iger wants to be US ambassador to China; Chinese carriers' streak ends as recovery slows.
China climbs in travel freedom rankings; Corporate travel startup Z-Trip raises $14M | Daily Brief
04/16/2021|11:23:08 PM|
Upscale hotel group New Century starts procedures of delisting; SIA, Scoot to stop carrying transit passengers to Hong Kong when flight suspensions lift.
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