China is set to be the biggest engine driving hotel development in 2023. Macau now has more five-star hotels than London. And more hotel news from worldwide.
During the seven-day Lunar New Year holiday period, China’s hotel average daily rate surpassed 2019 levels. Also different from pre-pandemic normal years, many opted for trips to their hometowns as opposed to international travel.
Abel Zhao, co-founder & CEO of FreeD Group, a technology innovator that specializes in proprietary enterprise application solutions, has acquired 75-year-old Connexus Travel from the parent company of Cathay Pacific,…
China's moneyed travelers are becoming a sought-after segment, especially as group travel is approved again, but there will be no tailoring of products according to their needs simply because luxury travel isn't specific to its source markets.
Skift Research is cautiously optimistic about travel's continued recovery in 2023, despite a growing likelihood of a recession in many countries. Travel is still under-indexed compared to the broader economy, and the reopening of Chinese borders provides a strong boost.