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Virus may cost 75M travel jobs; Forward bookings show dramatic rebound | Weekly Review

Virus may cost 75M travel jobs; Forward bookings show dramatic rebound | Weekly Review

Hotel giant leverages equity investments to grow profit significantly last year; Chinese visitors to Japan plunge 87.9% in February.

03/28/2020|9:54:45 PM|ChinaTravelNews
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2

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

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

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'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

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
How Marriott plans to manage a 45% drop in hotel occupancy rates

How Marriott plans to manage a 45% drop in hotel occupancy rates

The chain is seeing occupancy rates in North America at under 25%, down from about 70% last year

03/26/2020|7:01:39 PM|The Points Guy
OYO sees signs of recovery in China after coronavirus outbreak

OYO sees signs of recovery in China after coronavirus outbreak

Agarwal’s comments come as a rise in imported coronavirus cases and the lifting of restrictions on movement in some cities in China.

03/26/2020|3:49:44 PM|DealStreetAsia
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