IHG takes voco global with launch in US and Greater China; Chinese "Big Three" airlines expected to report profits in Q3.
There is still a significant proportion of flights in airlines schedules through to the end of the year which appear unrealistic and will almost certainly be canceled yet.
The conglomerate has been weighed down by debt worth billions of dollars and has frequently delayed its bond payment commitments.
Huazhu prices global offering at HKD 297 to raise around USD 783 million; Alibaba may invest in Grab to bolster its business in Southeast Asia.
Now under the same CEO, the two companies are in a better position to explore new opportunities.
Hotel giant Huazhu reports nearly 32% drop in Q2 revenue; Hong Kong secures multiple first-ever MICE events amidst pandemic challenges.
Cathay Pacific aims for "survival" as it grounds two-fifths of passenger fleet; Asia Pacific accounts for 41% of global scheduled flights in August.
The top 5 airlines by flight volume compared to 2019 were American Airlines, China Eastern Airlines, Delta Air Lines, Southwest Airlines and United Airlines.
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