February 10, 2026 07:46 PM GMT Investor Presentation | Asia Pacific China Domestic Travel and Hotels In this presentation, we examine China's travel recovery and its implications for the hotel segment. As travel shifts from volume recovery to monetization, slowing hotel supply and improving demand have driven a RevPAR inflection. We expect this to translate into accelerating hotel earnings. Related research – China's Emerging Frontiers: China's Travel: Turning Up the Joy Dial (8 Feb 2026) Hong Kong/China Le ...