Overseas losses put wrinkle in H World’s welcome mat
The hotel operator’s overseas revenue grew last year, but its widening losses sharply dragged down the company's overall profit Key Takeaways: H World reported its profit dropped nearly 27% in…
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…
BRIEF: SJM to buy commercial building in Hengqin for $75 million
Casino operator SJM Holdings Ltd. (0880.HK) announced on Wednesday that it has agreed to buy a nine-story office building in Zhuhai’s Hengqin district from Shun Tak (0242.HK) for 546 million…
BRIEF: Atour posts strong revenue, profit gains as travel rebound slows
Hotel operator Atour Lifestyle Holdings Ltd. (ATAT.US) reported on Tuesday its revenue rose 47% year-on-year to 1.9 billion yuan ($262 million) in the third quarter, driven by strong growth for…
Huoli rides China travel boom to Hong Kong IPO
One of China’s leading mobility platforms plans to take its transport booking apps to the rest of Asia Key Takeaways: Huoli has filed to list in Hong Kong, reporting its…
BRIEF：Trip.com profit leaps on travel rebound
Online travel agent Trip.com Group Ltd. (9961.HK, TCOM.US) reported its net profit jumped by five times year-on-year to 3.83 billion yuan ($5.38 million) in the second quarter, while its revenue…
Tongcheng slows spending as budget travel frenzy fades
The online travel agent has scrapped a major planned acquisition as it faces a slowdown from a sluggish economy, stagnating outbound tourism and backlash over its ease of refunds Key…
Recent Articles
Overseas losses put wrinkle in H World’s welcome mat
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BRIEF: SJM to buy commercial building in Hengqin for $75 million
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BRIEF：Trip.com profit leaps on travel rebound
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