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Atour Lifestyle aims to operate 2,000 hotels by 2025

Atour Lifestyle aims to operate 2,000 hotels by 2025

The Chinese hotel group reported a net loss of USD 12 million for Q4, but a net income of USD 14 million for full year 2022.

03/30/2023|8:27:15 PM|ChinaTravelNews
Marriott International announces planned expansion in Greater China and anticipates surpassing 500 hotels in 2023

Marriott International announces planned expansion in Greater China and anticipates surpassing 500 hotels in 2023

Marriott is already well positioned in Greater China with more than 475 hotels across more than 130 destinations.

03/30/2023|6:24:47 PM|MarketScreener
Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

H World expects its YoY revenue growth to be in the range of 61%-65% in 2023 Q1.

03/27/2023|8:54:17 PM|ChinaTravelNews
Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

The business volume of Club Med in Mainland China recovered to 54.3% of that of the same period in 2019.

03/27/2023|11:07:17 AM|ChinaTravelNews
H World Group upgrades its overseas loyalty program

H World Group upgrades its overseas loyalty program

Over 200 million members will be able to cross-book the Group’s domestic and overseas hotels through the platform and link their membership benefits worldwide.

03/14/2023|11:39:42 AM|Travel Daily Media
H World Group sells its shares in Accor, both companies to continue partnership

H World Group sells its shares in Accor, both companies to continue partnership

After this transaction, H World Group no longer owns any stake in Accor.

03/02/2023|9:31:28 PM|ChinaTravelNews
Accor says China offers the largest recovery potential in 2023

Accor says China offers the largest recovery potential in 2023

RevPAR in Asia Pacific was down by 18% from 2019 due to China's delayed reopening.

02/27/2023|5:06:22 PM|BTN
IHG expects hotel rates to stay strong, CEO says China is a powerhouse

IHG expects hotel rates to stay strong, CEO says China is a powerhouse

IHG has 454 hotels representing about 94,000 rooms under development in Greater China.

02/27/2023|11:42:08 AM|Skift
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