Factbox: China’s rigid zero-COVID-19 policy starts to thaw

Factbox: China's rigid zero-COVID-19 policy starts to thaw

BEIJING, Dec 7 (Reuters) – China unveiled new measures to ease some of the world’s toughest COVID-19 curbs on Wednesday, after three years of a “zero-COVID” policy that triggered widespread protests and hammered the economy. What do the measures mean? IS CHINA ABANDONING ZERO-COVID? Not exactly, but the adjustments, such as allowing people with mild … Read more

Major trends for hoteliers to watch in 2023

Major trends for hoteliers to watch in 2023

Increased digitalization, the return of business travel, the continued evolution of “bleisure” and impressive growth in average daily rates (ADR) are just some of the major trends the hotel industry has witnessed in 2022. However, while many markets have seen a return to 2019 performance figures in terms of rates and occupancy, uncertainty still remains. … Read more

Clover’s acquisition of milk procurement business approved, with conditions

Clover's acquisition of milk procurement business approved, with conditions

The Competition Tribunal has conditionally approved the proposed merger whereby Clover SA (Clover) intends to acquire the business and assets used or owned by Dairy Farmers of South Africa (DFSA), in relation to the procurement and supply of regular raw milk to Clover (milk procurement business). The conditions imposed on the merger include commitments relating … Read more

Sri Lanka Is Taking Many Steps To Woo Back Tourists To Its Resorts

Sri Lanka Is Taking Many Steps To Woo Back Tourists To Its Resorts

Sri Lanka said recently it was reorganizing its blackout-prone electricity grid to guarantee power to tourist resorts, in an effort to lure back foreign travelers after a bruising economic crisis. Months of food, petrol and pharmaceutical shortages brought widespread misery to the island nation this year, along with power cuts that reached 13 hours a … Read more

BurdaLuxury takes over Travel + Leisure license for SEA, HK and Macau

BurdaLuxury

BurdaLuxury is taking over the license for Travel + Leisure Southeast Asia, Hong Kong and Macau, beginning 1 January 2023. This marks an expansion of the publisher’s portfolio internationally which also includes licenses for Travel + Leisure India and South Asia since 2014. This latest license covers Singapore, Malaysia, Thailand, Laos, Indonesia, Vietnam, … Read more