Foreign hotel companies are setting up their flagship stores on Ctrip and Fliggy, and looking at them as a way to let locals shop in a way they are accustomed to.
Mr. Siew served as Airbnb's interim head of China in 2017 as Mr. Hong Ge, the company's China chief at the time, resigned after allegations about inappropriate personal relationship.
Tuniu has not been profitable for the past six years as a public company. As of June 26 this year, the company's market capitalization was around USD 140 million.
Airbnb said 95% of its listings in Amsterdam were outside the banned zone.
Hoteliers and revenue managers must rethink their commercial strategy to navigate the new normal.
As of the end of May, Tripadvisor had $693 million on hand.
There is no conclusion about what’s going to happen to prices in the travel industry.
Shiji gained three months to sell its U.S.-based asset StayNTouch; Trip.com Group unveiled a USD 500 million fund for its travel partners.
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