The company expects its total revenues to decrease by 10%-15% for the full year 2020.
Hotel bookings have returned to about 50 percent of normal levels, while airlines have generally resumed operations at more than half of their capacity.
The move opens up a chance for U.S. airlines to return for the first time in four months.
OCT will invest USD 2.11bn to the whole project.
China and Singapore agreed to create a fast lane to facilitate essential travel without 14-day quarantine from June 8; Trip.com Group set up a new unit to invest in startups.
Mr. Jay Shen, vice president of the Trip.com Group, serves as legal representative of the new company.
If the order goes forward, it will hurt travel, trade and other exchange between the two countries.
Although passengers have to go through quite a few processes, this agreement is a positive signal.
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