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Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief

Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief

Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.

03/13/2020|10:12:26 PM|ChinaTravelNews
Trip.com announces safeguards for travelers

Trip.com announces safeguards for travelers

Trip.com will expand coverage of the initiative to individuals directly and unavoidably affected by the outbreak for bookings made before 23 February, for use before 31 March.

03/13/2020|8:59:25 PM|Trip.com
Airbnb loses $276 million in Q4, bookings in Beijing drop 96%

Airbnb loses $276 million in Q4, bookings in Beijing drop 96%

Airbnb's bottom line turned red in 2019 because it hiked marketing spend in preparation of a public debut this year.

03/13/2020|4:56:01 PM|Skift
Global hotel transaction volumes in 2019 reach USD 66 billion

Global hotel transaction volumes in 2019 reach USD 66 billion

Asia Pacific hotel transaction volume increased 44% yoy to USD 12.7 billion in 2019, exceeding previous projections of a 25-30% increase.

03/13/2020|12:15:51 PM|4hoteliers
Cathay Pacific further cuts capacity in Hong Kong

Cathay Pacific further cuts capacity in Hong Kong

The airline has reduced capacity across its network by 65 per cent in March and April.

03/13/2020|12:03:09 PM|Breaking Travel News
Trip.com Group joins Standard Chartered to announce new virtual banking service Mox

Trip.com Group joins Standard Chartered to announce new virtual banking service Mox

Mox will offer a comprehensive suite of retail financial services, as well as unique telecom, entertainment and travel products.

03/13/2020|11:39:08 AM|Out of Town Blog
China's air passengers fall 84.5%; business travel to lose $820B | Daily Brief

China's air passengers fall 84.5%; business travel to lose $820B | Daily Brief

Airbnb could face a bill of up to €200 million after a court ruled it was not entitled to claim booking fees from its Dutch customers; Traffic at European airports could fall by 187 million.

03/12/2020|11:16:53 PM|ChinaTravelNews
China airline passenger numbers fall 84.5% amid virus outbreak

China airline passenger numbers fall 84.5% amid virus outbreak

China's aviation regulator said that the drop has caused a £2.35 billion fall in revenue.

03/12/2020|5:03:09 PM|BBC
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