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Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2

Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.

03/28/2020|9:08:22 PM|ChinaTravelNews

ANA partners Skyscanner on direct booking; Travelzoo furloughs global workforce | Daily Brief

Three Chinese airline partners work with KLM to support the Netherlands's virus containment; Hong Kong Disney extends ticket expiry date.

03/28/2020|12:28:17 AM|ChinaTravelNews

Equity investments play a big part in hotel giant Huazhu's annual profit

Same-hotel RevPAR growth has been going down for the past three years.

03/27/2020|9:43:18 PM|ChinaTravelNews

Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%

Huazhu is expected to close 350-450 hotels, including planned closure of 300-350 hotels and special closure of 50-100 hotels impacted by COVID-19.

03/27/2020|8:19:48 AM|ChinaTravelNews

China limits cross-border flights, halts entry by foreigner visa & residence permit | Daily Brief

Weekly flights will be downsized to around 130, reducing the number of China's inbound airline passengers from 25,000 to around 5,000 per day.

03/27/2020|12:58:59 AM|ChinaTravelNews

Fosun cuts stake in Booking Holdings; OYO sees recovery in China | Daily Brief

The online travel company co-invested by Trip.com Group and Tencent reported over 205 million monthly active users; Hong Kong expects to see “zero visitors” for months.

03/26/2020|12:49:33 AM|ChinaTravelNews

IHG sees occupancy rise in Greater China; Chinese airlines have lost $3.1B | Daily Brief

The gradual resumption of business in China has not helped domestic airlines make ends meet; Tokyo Olympics is postponed to 2021.

03/24/2020|11:09:30 PM|ChinaTravelNews

Fosun Tourism raises $988M; Forward bookings in China show dramatic rebound | Daily Brief

Chinese tourist arrivals to Japan dropped 87.9% in February; Hainan government announced a USD 21.2 million rejuvenation plan for the island’s beleaguered tourism industry with duty free shopping at the heart.

03/23/2020|11:34:25 PM|ChinaTravelNews
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