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  • Tourism Board website hosting HK$10 million hotel discount giveaway in Hong Kong crashes under intense demand2021-04-12

    The website hosting the Hong Kong Tourism Board’s giveaway of HK$10 million (US$1.28 million) worth of hotel discounts crashed on Friday under intense demand from the public. The website “Staycation Delights – Holiday At Home” which is offering discounts worth HK$500 (US$64) for 20,000 hotel bookings, was offline ...
  • Hong Kong’s travel bubble hopes for Singapore, Australia and beyond depend on pandemic control, vaccination rate2021-04-01

    Hong Kong’s desire to reboot its coronavirus-ravaged tourism sector by forming air travel bubbles with seven overseas destinations could prove difficult to get off the ground, with control of the pandemic, the pace of vaccination and the choice of vaccines varying across countries. With the fourth wave of Covid-19 sh...
  • Smart hotel tech firm raises $45.6 million; Chinese are now more open to travel 2021-03-31

    Intelligent hotel solution provider Xiezhu Technology raised 300 million yuan (USD 45.6 million) in its Series B financing round this month. Led by Addor Capital, the round was also backed by Qingdao Haikong Tiancheng Fund and existing investor SR Capital, which also invested in the company’s Series A financing. Styli...
  • HNA seeks long-term investment in step toward bankruptcy restructuring2021-03-28

    The once high-flying Chinese conglomerate HNA Group is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies in a single bankruptcy restructuring case. HNA’s decision offers a glimpse at which parts of the conglo...
  • Beijing travel and tourism revenue plunged 53% in 20202021-03-25

    Beijing revenue from tourism dropped by over USD 50 billion after years of growth COVID-19 hit China early and caused massive disruption in H1 of 2020 Tourism in China projected to completely recover within 5 years. Beijing is one of the leading tourist destinations in China and the city has been enjoying the growth o...
  • Club Med parent plans multi-brand offline expansion post-pandemic2021-03-25

    Fosun Tourism said the business volume of its tourism operation plummeted 53.2% to RMB 6,947.7 million (USD 1,066 million) in 2020. Some of the company's Club Med resorts around the world had to be closed for certain period of time due to the COVID-19, which resulted in the reduction in the capacity of Club Med resort...
  • Hotel direct sales service provider Honey Guide secures tens of millions of yuan2021-03-25

    Hotel direct sales service provider Honey Guide has secured tens of millions of yuan (more than USD 1.5 million) in its latest financing round. The round was led by Weimob, China’s leading business intelligence SaaS service provider listed in Hong Kong. The proceeds will be used for R&D of digital technologies and i...
  • Kayak for Business launch inspired by 'market shortcomings'2021-03-22

    With its first own hotel to open in April 2021, online travel agency Kayak has launched a new business travel-focused arm. The company, part of the Booking Holdings family of online travel brands, says it could not source existing tool ‘good enough’ to manage its own business travel needs. Kayak for Business has bee...
  • 9 megatrends of Chinese tourism post-pandemic2021-03-21

    From bottoming out, to steady recovery, and then to robust growth - the curve of China’s tourism development since pandemic is just like the country’s economic trajectory for the past decades. While a big part of the world is still struggling to control the spread of COVID-19, business in China is already taking a ...
  • Air China to buy 18 Airbus planes for $2.2 billion2021-03-20

    The Chinese flag carrier, Air China, announced on Thursday that it has signed an agreement with AFS Investments Inc, a subsidiary of aircraft leasing giant GE Capital Aviation Services (GECAS), to buy 18 Airbus A320neo planes from the European manufacturer to improve its transport capacity. The deal, worth $2.2 billio...