LOADING

TDM NEWS EVENTS IWTA SERIES TDM

creative website

Today Free Charge

Sign up today free of charge.

Join our global community of over 5 million travel and hospitality executives.

Rapid China outbound recovery a “once-in-a-lifetime opportunity” for hoteliers

Rapid China outbound recovery a “once-in-a-lifetime opportunity” for hoteliers

Kristin Mariano

- March 23, 2023

Global accommodation bedbank DidaTravel – whose head office is based in China – has noted a considerable increase in international hotel sales for the Chinese outbound source market since the country reopened its borders to international travel.

Whilst volumes have not yet recovered to 2019 levels, year-on-year for the month of February sales were up by 600% approximately.

Just as importantly, the B2B seller of accommodation notes that in Chinese currency (RMB) average room night prices for the Chinese source market for international hotels rose by an unprecedented increase of almost 25% between December and February.

In particular, the company notes that the highest category of rooms by price doubled as a proportion of sales between December and February, showing a stronger recovery for more expensive hotels.

However, refundable Vs non-refundable rates as a proportion of its sales remain consistent with recent trends and haven’t changed in the last few months, at roughly 25% refundable rates for February Vs 37% in the same month in 2019.

Rikin Wu, CEO of DidaTravel comments: Whilst we are still some way from 2019 levels this is nonetheless a very encouraging start, recovering at a quicker rate than many would have anticipated perhaps. We strongly encourage hoteliers around the world, particularly higher-end properties, to start taking the Chinese source market seriously again ASAP as this is a once-in-a-lifetime opportunity to gain market share. Don’t just consider the net bookings currently, consider that right now there are many millions of Chinese citizens contemplating their next international holiday – this is not a question of if, but when and where. Make sure it is your property!”

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats

Rapid China outbound recovery a “once-in-a-lifetime opportunity” for hoteliers

Kristin Mariano

- March 23, 2023

No posts found.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats