Occupancy levels in Greater China are currently slightly more than 30%, up from the lows of less than 10% in mid-February.
Reopening all our hotels in the Chinese mainland is the first step in a measured global recovery process.
Booking loses $130 million in the sale of its Trip.com Group stake; Shanghai Disney theme park will reopen on May 11.
With more than 60 locations across the globe, the company’s pitch was well received.
While PPP loans help hoteliers keep properties open in the U.S., government assistance programs elsewhere in the world still offer a boost to the travel industry.
In China, occupancy as of May 4 was approximately 40 percent, up from about 9 percent in early February.
45% of Chinese travelers plan to visit Vietnam this year; Hyatt Hotels' occupancy in Greater China have gradually improved.
China raked in tourism revenue of USD 6.79 billion in a holiday, 59.58% less than last year; China Eastern beat out Southwest as the biggest airline in the world in terms of seats available.
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