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Corporate travel to take a $560B hit; searches for flights up 138% | Daily Brief

Corporate travel to take a $560B hit; searches for flights up 138% | Daily Brief

China allocated USD 814 million to support project construction in the cultural tourism industry; Singapore Airlines is cutting pay for management staff.

03/02/2020|4:49:38 PM|ChinaTravelNews
Swiss startup Viselio lands $3.1 million in funding

Swiss startup Viselio lands $3.1 million in funding

Viselio has expanded to seven European markets and now offers visa procurement for 83 countries.

03/02/2020|2:43:44 PM|PhocusWire
Oaky raises $9.5 million in Series A funding

Oaky raises $9.5 million in Series A funding

Oaky works with around 1,500 hotels across 90 countries around the globe, including Mercure, Le Plaza Brussels and Radisson.

03/02/2020|2:06:11 PM|HotelTechReport
Expedia starts global lay-offs in Hong Kong and Singapore

Expedia starts global lay-offs in Hong Kong and Singapore

The global redundancies may cost between USD135 million and USD185 million in total pre-tax charges.

02/28/2020|4:22:18 PM|SCMP
U.S. airlines, hotels extend rebooking options as coronavirus spreads

U.S. airlines, hotels extend rebooking options as coronavirus spreads

Delta said reservations through March 2 on flights to Bologna, Milan and Venice are eligible for rescheduling.

02/28/2020|3:53:47 PM|Reuters
Hyatt on travel’s trendiest buzzword: ‘experiences’

Hyatt on travel’s trendiest buzzword: ‘experiences’

The experiences sector to remain fragmented is good for providers.

02/27/2020|6:39:41 PM|Fortune
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief

Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief

Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.

02/27/2020|10:01:43 AM|ChinaTravelNews
Booking expects a 5%-10% drop in room nights amid virus outbreak

Booking expects a 5%-10% drop in room nights amid virus outbreak

The coronavirus has had a significant and negative impact on business for the first quarter this year.

02/27/2020|7:50:54 AM|ChinaTravelNews
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