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H World shows faith in lower-tier cities residents’ spending power

H World shows faith in lower-tier cities residents’ spending power

Lower-tier cities in China offer a massive growth potential, especially considering the fact that around 70% of China’s population resides in these locations.

08/29/2023|3:35:34 PM|Ritesh Gupta, ChinaTravelNews
Meituan revenue rises 33% in Q2, netting a $644 million profit

Meituan revenue rises 33% in Q2, netting a $644 million profit

In-store, hotel & travel business grew with transaction volume up by over 120%.

08/25/2023|2:18:45 PM|ChinaTravelNews
Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

For Legacy-Huazhu business, RevPAR in Q2 2023 recovered to 121% of the Q2 2019 level.

08/24/2023|6:54:29 PM|ChinaTravelNews
Lifestyle hotel group Atour doubles its revenue in Q2

Lifestyle hotel group Atour doubles its revenue in Q2

Scenario-based retail revenues accounted for 19% of total revenues.

08/17/2023|8:09:34 PM|ChinaTravelNews
IHG reports 17% RevPAR growth, with China market contributing only 7% of revenue

IHG reports 17% RevPAR growth, with China market contributing only 7% of revenue

In Q2, the Greater China region's Revenue Per Available Room (RevPAR) doubled compared to the same period last year.

08/17/2023|2:53:06 PM|ChinaTravelNews
Disney vs. Comcast: Who's making more money?

Disney vs. Comcast: Who's making more money?

Both companies are counting on growth in international theme parks.

08/14/2023|6:10:30 PM|ChinaTravelNews
Accor sees solid activity growth in first half, raises full-year guidance

Accor sees solid activity growth in first half, raises full-year guidance

Demand is expected to remain strong for the coming months.

07/29/2023|7:02:44 PM|ChinaTravelNews
Leisure-focused OTA firm Tuniu posts 52.3% rise in Q1 revenue

Leisure-focused OTA firm Tuniu posts 52.3% rise in Q1 revenue

Q2 revenue is projected to rise 140%-150%.

06/09/2023|11:12:17 PM|ChinaTravelNews
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