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Asia-Pacific

Asia Pacific Hotels Wait for Chinese Travelers

Foreign visitors to Indonesia in February were down -4.62% from January, recording 701,930 tourist arrivals, the lowest since December. Officials said this was a seasonal effect as February is the low season for tourism. Of course, the expectations for everyone in the Asia Pacific region was the reopening of China would cause a regional surge but […]

April 3rd, 2023

Asia-Pacific

Fosun Denies Claims It’s Seeking Buyer for Club Med

Bloomberg published an article suggesting Fosun International Ltd. is exploring the potential for sales of most of the company’s divisions, seeking capital to repay debt. Bloomberg said the company told advisors its domestic food and beverage business is available for potential investors or buyers, and is considering strategic options for its investment in electric vehicle […]

November 15th, 2022

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