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Trip.com counts on domestic travel for recovery in short span

Trip.com counts on domestic travel for recovery in short span

The online travel company leveraged the prowess of domestic offerings in China to capture pent-up outbound demand and improved its booking-related metrics in a significant manner.

05/22/2021|11:15:48 AM|Ritesh Gupta, ChinaTravelNews

Chinese hotel chain Atour seeking $2 billion US listing as travel rebounds

Chinese hotel chain Atour seeking $2 billion US listing as travel rebounds

Atour will be competing with China’s domestic hotel chains like Huazhu Group, as well as international hotel operators including Marriott International.

05/11/2021|6:12:57 PM|CNBC

HNA Group assets attract interest from Fosun, JD.com

HNA Group assets attract interest from Fosun, JD.com

Some bidders could team up for an investment, and the structure of any potential transaction hasn’t been finalized.

05/06/2021|11:43:57 PM|Bloomberg

Chinese hotel giant Huazhu reaps 15% of annual revenue from overseas unit

Chinese hotel giant Huazhu reaps 15% of annual revenue from overseas unit

As of last year, Huazhu still held USD 897 million worth of investments in companies including Accor (USD 593 million) and OYO (USD 10 million).

04/25/2021|5:55:27 PM|ChinaTravelNews

Huazhu domestic RevPAR recovers to 95% of 2019, European results still reeling

Huazhu domestic RevPAR recovers to 95% of 2019, European results still reeling

The company is taking further cost reduction and cash flow measures in Europe.

04/23/2021|8:03:38 PM|ChinaTravelNews

"We've only got 2% of the market", says Trip.com chairman at second listing

"We've only got 2% of the market", says Trip.com chairman at second listing

Chairman laid out a four-pillar strategy for the company's future growth.

04/19/2021|2:16:40 PM|Jerry Tang, ChinaTravelNews

Lifestyle hotel brand Atour reportedly plans $300m US IPO

The company was backed by Legend Capital and Alibaba’s former CEO Mr. Zhaoxi Lu in previous funding round.

04/19/2021|3:57:18 PM|ChinaTravelNews

GreenTree Hospitality revenues drop 14.8% last year

GreenTree Hospitality revenues drop 14.8% last year

RevPAR was RMB 124 for the fourth quarter in 2020, down by 3.2% year-over-year but up by 4.1% quarter-over-quarter.

04/15/2021|5:07:37 PM|ChinaTravelNews

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