Near No.104 Provincial Road (Jinfo Mountain North Slope)

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  • Oaky raises $9.5 million in Series A funding2020-03-02

    Oaky, the #1 upselling platform, announces today that it has closed a $9.5 million Series A financing. PeakSpan Capital, a growth-stage investment firm focused on the B2B software arena with offices in New York and Silicon Valley, led the round. Oaky will use the funds to increase investment in product development, continued geographic expansion and team gro...
  • China pumps investment to projects in virus-hit cultural tourism2020-03-02

    China's top economic planner has allocated 5.7 billion yuan (about 814 million U.S. dollars) to support project construction in the cultural tourism industry that has taken a hard hit by the novel coronavirus outbreak. The investment will be used on 485 projects including protection facilities of national cultural and natural heritage and tourism infrastruc...
  • Marriot's RevPAR in Greater China drops 90% in February2020-02-29

    Marriot's RevPAR in Greater China dropsMarriott is the world’s largest hotel operator with 800 properties in the Asia Pacific region and roughly half in Greater China. China is also Marriott’s fastest-growing market, where it is building a number of new hotels. Leeny Oberg, EVP and CFO said openings could slow down due to the virus. At the end of 2019, M...
  • Off the beaten track: China's tourism sector blazing trail out of virus blues2020-02-24

    With spring right around the corner, one of the sectors hit the hardest by the novel coronavirus epidemic is gaining steam in its recovery. China's tourism industry is biding its time with multiple innovations and aid for a postponed high season. As people choose to stay at home during the epidemic outbreak, the tourism industry, along with catering and out...
  • Hyatt’s China business is down 90% in February from coronavirus fallout2020-02-23

    Talk of coronavirus overshadowed Hyatt Hotel’s strong finish to the year during Thursday’s quarterly earnings call. CEO Mark Hoplamazian began by acknowledging the company’s staff in the Asia Pacific region, which he said is operating in “extraordinary circumstances and demonstrating a profound commitment to care for their families, for our guests and o...
  • 71.5% of Chinese travelers will hit the road after the outbreak ends2020-02-21

    Chinese travelers and businesses have expressed confidence in the development of the country's tourism industry, although it was hit hard by the coronavirus outbreak. "China's tourism economy will prove strong resilience against the epidemic," Dai Bin, president of China Tourism Academy, said during an online conference Thursday....
  • Universal Studios Beijing to open to public as scheduled in 20212020-02-18

    The Universal Studios Beijing is expected to open to the public in May 2021 as scheduled despite the current Cobid-19 (coronavirus) outbreak, an official at the Beijing municipal government told a news briefing on Sunday (Feb 16). Construction of the theme park, the fifth such Universal Studios in the world, is expected to be completed by the end of 2020, t...
  • Wyndham’s China coronavirus woes: 70% of hotels closed2020-02-17

    The coronavirus outbreak continues to dampen the hotel industry’s financial outlook for the year. Wyndham Hotels and Resorts has closed about 70 percent of its hotels in China, and those that remain open are seeing fewer guests, chief financial officer Michele Allen told investors on Thursday during a call detailing the company’s earnings for 2019. “We ...
  • Coronavirus travel slowdown spreads from China across Asia2020-02-17

    The coronavirus outbreak is causing travel demand across the whole Asia Pacific region to slump, data showed on Thursday, as the impact of the flu-like illness on future bookings spreads beyond China. ForwardKeys, a travel analytics company, said that airline bookings from across the region were 10.5% lower for March and April 2020 compared with last year. ...
  • Australia will extend its China travel ban as the coronavirus crisis deepens2020-02-11

    Australia will extend its China travel ban as the coronavirus outbreak continues to spread, despite a heavy blow to the nation's tourism and education sectors. Saturday will mark two weeks since Prime Minister Scott Morrison announced a temporary 14-day ban on foreign travelers who have left or passed through mainland China from arriving on our shores. He...

Near No.104 Provincial Road (Jinfo Mountain North Slope)