Major Chinese airlines registered over 30-percentage-point declines in load factor; Fosun Tourism's China operation slowly recovers.
CAPA warns that most carriers will go bankrupt by the end of May without government support.
International volume processed by domestic airlines dropped by 39.29% to 9.97 million in the first two months of the year.
First-tier and new first-tier cities have been the top choices for hotel investors.
The company’s clearer outlook is a far cry from peers such as Expedia and Booking Holdings, which have both withdrawn financial guidance, citing the pandemic.
Asia has experienced the greatest impact in terms of the total number of seats lost, at around 5.4 million in March.
More than 4,400 tour groups had been called off as of March 16 afternoon, affecting nearly 140,000 travelers.
Trip.com Group expects net revenue to decrease by 45%-50% in the first quarter; Four-fifths of flight capacity between China and the rest of the world has been cut back.
ChinaTravelNews is a wholly owned subsidiary of
©2020 TravelDaily Inc.