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Atour Lifestyle aims to operate 2,000 hotels by 2025
03/30/2023|8:27:15 PM|
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.
Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million
03/27/2023|8:54:17 PM|
H World expects its YoY revenue growth to be in the range of 61%-65% in 2023 Q1.
Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022
03/27/2023|11:07:17 AM|
The business volume of Club Med in Mainland China recovered to 54.3% of that of the same period in 2019.
Meituan’s local commerce segment shines even in tough Q4
03/26/2023|11:06:18 AM|
The company shared that operating profit of its local commerce segment, led by the food delivery business, rose by 41% in Q4, even as its hotel and travel business suffered during the same period.
Meituan posts $970 million annual loss
03/24/2023|5:27:33 PM|
Revenue rose 22.8% from 2021 to 2022.
Tencent-invested travel company reports 18.8% drop in Q4 revenue
03/21/2023|5:38:00 PM|
GMV decreased by 20.4% year-to-year.
Trip.com Group hopeful of Chinese outbound pie picking up in Q2
03/08/2023|1:28:33 PM|
The online travel company indicated that factors such as flight capacity are posing a big challenge to the outbound travel recovery, but this is expected to be resolved in the coming months.
Amadeus returns to annual profit in 2022
03/07/2023|4:50:27 PM|
Air Distribution bookings were 396.3 million, 92.0% over the bookings of 2021 or 68.3% of 2019 bookings.
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