HNA Group owns more than 2,300 companies, and the risk disposal plans were "extremely complicated".
More than half of the routes the carrier has applied for are to mainland China.
RevPAR of the Legacy-Huazhu hotels (excluding Deutsche Hospitality) for the fourth quarter was RMB 186, down by 2.4% year-over-year, but up from RMB 179 in the previous quarter.
Executives at companies like Accor, IHG, and Hyatt were similarly optimistic about the recovery outlook in China.
There have been cases in Beijing and across the country in which inbound travelers were confirmed as COVID-19 patients after 14 days of isolated observation.
Although significantly below the 60 to 70 million travelers handled by each of the three airports in recent years, the 2020 rankings point to Hong Kong and Singapore’s reliance on international and transit traffic.
Even China, which spent the latter part of last year flying more or less as normal, has seen a 12% reduction in flights as of January 18.
Hong Kong, Singapore dethroned by Incheon as Asia’s busiest hub; Airlines in reverse with capacity cuts from Europe to China.
It causes a huge disadvantage for independent hotels trying to generate more “book direct” business, since they usually do not have the lowest rate available on their own direct channels.
Biden’s USD 1.9 trillion injection plan for the U.S. economy to battle the impact of the pandemic will benefit the travel sector.
Following its cost-cutting initiatives, Webjet only needs the travel market to return to 50% of its previous levels for it be profitable again.
This time last year China’s international capacity was around 12% of all seats offered; this week it is just one percent.
Southwest has actually boosted its ad spend by 15% and has already spent more since April than American, United, Delta, JetBlue, Frontier and Spirit combined.
New solutions are available, enabling tour providers to manage their inventory and sell directly online or through third parties - including OTAs.
61% say they will respond to significant industry disruption by transforming their core offerings as well as by investing in new offerings.
Until that international capacity returns many surrounding country markets remain frustrated in their attempts to recover.
