You cannot predict the future. Full stop.
The fresh investment provides Travelport with the liquidity it needs to manage the sharp downturn in revenue related to a devastated travel industry due to the coronavirus pandemic.
Yatra said it is seeking damages against Ebix for breaching terms of their merger agreement.
Airbnb's prospects are likely brighter in the longer term.
Outdoorsy has seen a 2,645% increase in bookings from the low point of COVID, which was late March, to right now.
Sabre needs to focus on providing “retailing, distribution, and fulfillment” services to airlines and hotels.
The acquisition is a risk worth taking although it could take up to five years to restore its profits to where they were before the outbreak.
Booking.com’s decision to forgo an extension of Dutch government relief means that layoffs are likely coming.
ChinaTravelNews is a wholly owned subsidiary of
©2020 TravelDaily Inc.