BRIEF: Single show pony Impression Dahongpao launches modest IPO
Cultural tourism company Impression Dahongpao Co. Ltd. (2695.HK) launched its Hong Kong IPO on Friday, aiming to sell 36.1 million shares for HK$3.47 to HK$4.10 apiece to raise about HK$148…
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…
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…
Impression Dahongpao trapped in its one-trick pony performance
The producer of an outdoor performances at a popular South China tourism spot has taken its own show on the road with a Hong Kong IPO application Key Takeaways: Impression…
BRIEF: China Tourism Group Duty Free’s revenue, profit decline in 2024
Duty free store operator China Tourism Group Duty Free Corp. Ltd. (1880.HK) said on Thursday its revenue and profit both dropped by double-digit amounts last year, as Chinese consumers reined…
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…
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