OCT will invest USD 2.11bn to the whole project.
Mr. Jay Shen, vice president of the Trip.com Group, serves as legal representative of the new company.
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.
This is not the first time that the Chinese OTA has expanded into airport-related services.
RACV’s strategic investment provides the strongest endorsement for the Tripfuser tailored-travel marketplace and provides a platform for a long-term partnership.
Keeping the park running as a traditional attraction will not help much.
If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.
International transportation accounts for 50% of Trip.com Group's total transportation revenue, so transportation will be more vulnerable to the COVID-19 impact than hotels will.
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