Reserve

Tourism News

  • ITB China 2020 will be postponed due to the spread of COVID-192020-02-19

    The ITB China organizers have announced to postpone ITB China 2020, originally scheduled to be held on 13 – 15 May at Shanghai World Expo Exhibition and Convention Center. The deferred show dates will be further announced by the show organizers. The decision is based on the current risk evaluation of the COVID19epid...
  • Hyatt’s China business is down 90% in February from coronavirus fallout2020-02-23

    Talk of coronavirus overshadowed Hyatt Hotel’s strong finish to the year during Thursday’s quarterly earnings call. CEO Mark Hoplamazian began by acknowledging the company’s staff in the Asia Pacific region, which he said is operating in “extraordinary circumstances and demonstrating a profound commitment to care ...
  • Off the beaten track: China's tourism sector blazing trail out of virus blues2020-02-24

    With spring right around the corner, one of the sectors hit the hardest by the novel coronavirus epidemic is gaining steam in its recovery. China's tourism industry is biding its time with multiple innovations and aid for a postponed high season. As people choose to stay at home during the epidemic outbreak, the touri...
  • Marriot's RevPAR in Greater China drops 90% in February2020-02-29

    Marriot's RevPAR in Greater China dropsMarriott is the world’s largest hotel operator with 800 properties in the Asia Pacific region and roughly half in Greater China. China is also Marriott’s fastest-growing market, where it is building a number of new hotels. Leeny Oberg, EVP and CFO said openings could slow down ...
  • China pumps investment to projects in virus-hit cultural tourism2020-03-02

    China's top economic planner has allocated 5.7 billion yuan (about 814 million U.S. dollars) to support project construction in the cultural tourism industry that has taken a hard hit by the novel coronavirus outbreak. The investment will be used on 485 projects including protection facilities of national cultural and...
  • COVID-19 hits January passenger demand2020-03-08

    The International Air Transport Association (IATA) announced global passenger traffic data for January 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 2.4% compared to January 2019. This was down from 4.6% year-over-year growth for the prior month and is the lowest monthly incr...
  • Upscale hotel group New Century reports a 144.1% jump in EBITDA2020-03-22

    Zhejiang New Century Hotel Management reported that its revenue for 2019 rose 7.2% to RMB1,928.0 million and that its EBITDA climbed 144.1% to RMB741.9 million. Gross profit was RMB565.0 million, up by 20.7%. Net profit was RMB205.0 million, 8.4% more than the previous year. The Chinese hotelier which is invested by ...
  • Travelers fleeing global pandemic bid for limited flights to China2020-03-29

    Airfares to mainland China soared in the past few weeks when the coronavirus crisis escalated from a regional outbreak into a global pandemic, as desperate travelers rushed for limited seats on the few carriers that were still flying to the country amid a widening circle of global quarantines and travel ban. The avera...
  • Booking.com, Expedia and Trip.com drop contract clauses deemed a threat to competition2020-04-02

    Three major online travel agencies have offered to remove clauses in their contracts with accommodation providers that a Hong Kong watchdog investigation found could threaten competition and lead to higher prices for guests. The Competition Commission said that Booking.com, Expedia.com and Trip.com had agreed on favou...
  • How Chinese in Russia pries the China tourism trade from Russian companies’ hands2020-04-03

    Until a few months ago, roughly half of all foreign tourists in Russia were Chinese. Then, in January, Chinese tour groups vanished from the streets of Moscow and St Petersburg after Russia banned the entry of Chinese citizens following the coronavirus outbreak. The introduction of visa-free entry for Chinese tour gro...