Klook goes against the flow with U.S. listing plan
The Hong Kong-based online travel agent targeting young consumers is reportedly planning to file soon for a New York listing that could raise up to $500 million Key Takeaways: Klook…
INDUSTRY BRIEF: Thailand loses attraction for Chinese tourists
Chinese airlines plan to operate 12,800 flights between China and Thailand during this year’s peak travel season in July and August, down 22.6% year-on-year and 40% below pre-pandemic levels, financial…
Checking out or checking in? Jin Jiang can’t decide
Three years after privatizing its Hong Kong-listed shares, storied hotelier Jin Jiang has rolled out plans to re-list on the city’s stock exchange Key Takeaways: Jin Jiang has applied to…
NEWS WRAP: Atour’s revenue grows 30% on strong gains for retail business
The hotel operator’s retail business grew 67% in the first quarter, and now accounts for more than a third of its revenue By Doug Young Atour Lifestyle Holdings Ltd.…
Trip.com’s overseas journey cruises ahead, as profit wobbles
China’s leading online travel agent, formerly known as Ctrip, wants to be a global player, but spending on such efforts could erode its profits Key Takeaways: Trip.com’s revenue rose 16%…
Tongcheng beefs up its hotel management, as Wanda buys more time
China’s third-largest online travel company is buying the hotel management unit of a former highflying operator now struggling to stay one step ahead of its creditors Key Takeaways Tongcheng has…
Atour relies on network expansion to counter economic slowdown
The hotel operator’s revenue rose 55% last year, but it forecast the growth would slow to about half that level in 2025 Key Takeaways: Atour’s revenue rose 38.5% in the…
