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Hotel giant Huazhu reports nearly 32% drop in Q2 revenue

Hotel giant Huazhu reports nearly 32% drop in Q2 revenue

Occupancy at Legacy Huazhu was 79% in July and 84% in August.

09/15/2020|2:25:45 AM|ChinaTravelNews
Sabre sees modest signs of recovery in July, August

Sabre sees modest signs of recovery in July, August

The strongest recovery has been in hotel bookings, with gross hotel central reservation system transactions down 55% in July and 50% in August.

09/03/2020|3:24:47 PM|ChinaTravelNews
Group that operates TWA hotel buys Chinese tech firm after president trump’s national security order

Group that operates TWA hotel buys Chinese tech firm after president trump’s national security order

MCR said it would invest $10 million over the next year in StayNTouch.

09/01/2020|3:25:33 PM|Skift
After early-COVID layoffs, Hipcamp is buying competition, hiring

After early-COVID layoffs, Hipcamp is buying competition, hiring

To date, Hipcamp has helped people spend 2.5 million nights outside across 6,000 hosts in the United States, Australia and Canada.

08/31/2020|10:51:16 AM|TechCrunch
TravelSky posts 40% decrease in half-year revenue, operating loss of $56.8 million

TravelSky posts 40% decrease in half-year revenue, operating loss of $56.8 million

Revenue from the aviation information technology services dropped more than 55% to USD 145 million during the first sixth months this year.

08/28/2020|8:27:02 PM|ChinaTravelNews
Chinese OTA Tuniu reports 97% drop in packaged-tour revenue

Chinese OTA Tuniu reports 97% drop in packaged-tour revenue

The company expects net revenues to decline 80%-90% year-over-year in Q3.

08/28/2020|7:01:56 PM|ChinaTravelNews
Mastercard acquired and shut down experiences marketplace IfOnly

Mastercard acquired and shut down experiences marketplace IfOnly

The IfOnly platform will continue to help advance our Priceless strategy and our combined team will be even better positioned and equipped to deliver exclusive experiences for cardholders globally.

08/27/2020|1:44:09 PM|TechCrunch
Fosun Tourism posts 50% drop in half-year revenue

Fosun Tourism posts 50% drop in half-year revenue

The company launched the “Thomas Cook Lifestyle Platform” and recorded over 104,000 registered users and transaction volume of around USD 4.8 million in less than a month.

08/26/2020|5:17:05 PM|ChinaTravelNews
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