Niccolo Hotel

Building 3, International Finance Center, No. 1, Section 3, Hongxing Road

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Tourism News

  • COVID-19 hits January passenger demand2020-03-08

    The International Air Transport Association (IATA) announced global passenger traffic data for January 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 2.4% compared to January 2019. This was down from 4.6% year-over-year growth for the prior month and is the lowest monthly increase since April 2010, at the time of th...
  • Upscale hotel group New Century reports a 144.1% jump in EBITDA2020-03-22

    Zhejiang New Century Hotel Management reported that its revenue for 2019 rose 7.2% to RMB1,928.0 million and that its EBITDA climbed 144.1% to RMB741.9 million. Gross profit was RMB565.0 million, up by 20.7%. Net profit was RMB205.0 million, 8.4% more than the previous year. The Chinese hotelier which is invested by Trip.com Group said earlier that it susp...
  • Travelers fleeing global pandemic bid for limited flights to China2020-03-29

    Airfares to mainland China soared in the past few weeks when the coronavirus crisis escalated from a regional outbreak into a global pandemic, as desperate travelers rushed for limited seats on the few carriers that were still flying to the country amid a widening circle of global quarantines and travel ban. The average price of air tickets from Italy, Spai...
  • Booking.com, Expedia and Trip.com drop contract clauses deemed a threat to competition2020-04-02

    Three major online travel agencies have offered to remove clauses in their contracts with accommodation providers that a Hong Kong watchdog investigation found could threaten competition and lead to higher prices for guests. The Competition Commission said that Booking.com, Expedia.com and Trip.com had agreed on favourable terms with businesses such as hote...
  • How Chinese in Russia pries the China tourism trade from Russian companies’ hands2020-04-03

    Until a few months ago, roughly half of all foreign tourists in Russia were Chinese. Then, in January, Chinese tour groups vanished from the streets of Moscow and St Petersburg after Russia banned the entry of Chinese citizens following the coronavirus outbreak. The introduction of visa-free entry for Chinese tour groups in 2015 set off an explosion of Chin...
  • iClick, Tencent launch travel recommendation management platform2020-04-05

    iClick Interactive Asia Group Limited, an independent online marketing and enterprise data solutions provider in China, announced the launch of a new recommendation management platform for culture and tourism content, jointly developed by iClick and Tencent Culture and Tourism. The new platform leverages Tencent Culture and Tourism’s strong data capabiliti...
  • Hong Kong developer’s hotels unit brings in robots to beat coronavirus slump2020-04-09

    Hong Kong hotels operator L’hotel Group has turned to robots amid a COVID-19 driven slump in the hospitality sector, with the aim of providing meals to guests and ensuring reduced interaction with staff. The company, which is wholly owned by property developer Chinachem Group, will have three artificial intelligence robots called Genie delivering meals and...
  • Booking sells $106M Trip.com stake; United may resume China flights | Daily Brief2020-04-09

    Booking Holdings reported on April 7 that it sold 4,500,000 ADSs of Trip.com Group through an affiliated firm at USD 23.45 per ADS in the open market from March 23 to April 3, 2020. The total value of the transaction was more than USD 105.5 million. The world's largest online travel group now holds a 4.93% stake in its major Chinese counterpart, over 3 perce...
  • Hainan to build national sports tourism pilot zone2020-04-09

    Hainan issued a five-year plan on developing a national sports tourism pilot zone on Monday, in a bid to help turn the island province into a leading global tourist destination, according to the provincial government's official website. The plan, to be implemented between 2020 to 2025, said the pilot zone is expected to gain initial progress in pioneering t...
  • Travel companies rely on live streaming, advance purchase deals2020-04-19

    The road to recovery for China’s travel industry is still littered with uncertainties though there are early signs of rebound. Travel executives in China all pointed to the effectiveness of offering advance purchase options through live streaming events in their recovery strategies. The live streaming sales approach has become more popular in the travel ...

Niccolo Hotel

Building 3, International Finance Center, No. 1, Section 3, Hongxing Road