Airlines including Qantas, Emirates, AirAsia, and mainland Chinese carriers all cut frequencies to Hong Kong in the fourth quarter.
The Indian startup is said to have dismissed 1,800 staff.
Huazhu opened 630 hotels, closed a total of 163 hotels in Q4.
Several of China's major tour agencies would restart selling five to six tour packages to South Korea, according to a Nomura note.
Fear of global outbreak grows as millions travel abroad for upcoming holidays.
The company is facing financial setbacks due to struggling projects overseas and declining attendance in the U.S.
The cooperation between CBEF and ITB China will involve CBEF organizing and leading a delegation of senior association buyers to attend ITB China 2020.
The launch of the flagship platform myCWT in China marks the latest milestone in its journey to simplify business travel for companies and their employees around the world.
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