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Meituan revenue rises 25.8% in 2023, local businesses recover rapidly
03/22/2024|5:46:02 PM|
GTV of its in-store, hotel and travel businesses increased by over 100% year over year last year.
Chinese hotel giant H World announces 57.9% revenue rise in 2023
03/21/2024|4:45:48 PM|
H World expects to open around 1,800 hotels and close around 650 hotels this year.
Tencent-backed Tongcheng Travel's revenue rises over 80% in 2023
03/20/2024|11:08:02 AM|
Tourism shifts from recovery to sustainable growth.
Trip.com Group expands its buyer base in China
02/23/2024|5:14:25 PM|
The online travel group stated that it has continued to expand its user base among the elderly demographics in China.
Trip.com Group doubles annual revenue, outbound booking in Q4 recovers 80%
02/22/2024|2:47:42 PM|
Total bookings on its global OTA platform in Q4 have increased by over 70%.
H World continues to expand its upper-midscale segment
11/28/2023|3:04:02 PM|
Counting on hotels in the category to drive sustainable RevPAR recovery, along with factors like uncovering opportunities in lower-tier cities in China.
Meituan stresses on growth in its hotel and travel business
12/04/2023|3:42:21 PM|
The focus on “value-for-money purchases” is paying off as quarterly transacting users increased substantially during Q3.
Strong travel demand helps Meituan defy slowing growth in core business
11/29/2023|6:36:19 PM|
Steeper-than-expected in-store, hotel and travel operating profit fall reflects heightened spending on promotions within this sector.
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