Trip.com says China hotel bookings are surpassing pre-pandemic levels

nikholasSeptember 22, 202204 mins

BEIJING — Hotel reservations in China have surpassed pre-pandemic levels since late June, booking site Trip.com said Thursday. Trip.com shares briefly fell by more than 7% Thursday in Hong Kong trading, before recovering slightly to close 4.5% lower. New York-listed shares dropped 8.5% lower overnight, but were up 2.5% in extended trading. “Overall our domestic…

SXSW hotel bookings mark latest return of leisure travel

nikholasMay 10, 202203 mins

Data: Kalibri Labs, CBRE; Chart: Thomas Oide/Axios South by Southwest hotel bookings saw a near-return to normalcy in March, the latest sign of a rebound in leisure travel, according to a new report from CBRE. Why it matters: The hospitality sector is a significant driving force behind the local economy, and while the industry hasn’t…