ASAI

H World Group, formerly known as China Lodging, has sold one-fifth of its holdings in Indian hospitality company OYO to a United Arab Emirates-based buyer. The transactions were done over the course of 2022 in multiple tranches with about US$9 million going to H World. The return on H World’s investment is 500% and that also values the rest of […]

A white paper on the Corporate Travel Management Market said some 84.5% of companies in China are expecting an increase in domestic travel business budgets for 2023. 74.5% expect an increase in international business travel budgets. Trip.com’s Trip.Biz unit released the report with the study noting that business travelers are increasingly eager for a comfortable, safe and efficient […]