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Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief

Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief

State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.

03/31/2020|12:09:00 AM|ChinaTravelNews
Online tour guide provider Lvji generates 96.4% revenue through OTAs

Online tour guide provider Lvji generates 96.4% revenue through OTAs

The sale through Lvji's own APP contributed less than 1% of the company's total revenue.

03/30/2020|10:30:04 PM|ChinaTravelNews
Restaurant, hotel management platform Tripleseat acquired by Vista Equity

Restaurant, hotel management platform Tripleseat acquired by Vista Equity

Through the acquisition, Gather, already owned by Vista, will be merged with Tripleseat.

03/30/2020|9:47:02 PM|newKerala
Tencent-invested Meituan registers 110 million room nights in Q4

Tencent-invested Meituan registers 110 million room nights in Q4

Meituan estimates negative year-over-year revenues growth and operating loss for the first quarter of 2020 due to the pandemic.

03/30/2020|6:29:26 PM|ChinaTravelNews
ICBC extends $14.5 billion credit line to Beijing cultural and tourism firms

ICBC extends $14.5 billion credit line to Beijing cultural and tourism firms

The capital will be distributed in financing and credit to these businesses for them to resume work.

03/30/2020|3:41:51 PM|SWFI
Fosun cuts stake in Booking Holdings; OYO sees recovery in China | Daily Brief

Fosun cuts stake in Booking Holdings; OYO sees recovery in China | Daily Brief

The online travel company co-invested by Trip.com Group and Tencent reported over 205 million monthly active users; Hong Kong expects to see “zero visitors” for months.

03/26/2020|12:49:33 AM|ChinaTravelNews
Tencent-backed OTA Tongcheng-Elong reports 205.2 million MAUs in 2019

Tencent-backed OTA Tongcheng-Elong reports 205.2 million MAUs in 2019

The company expects net revenue to decrease by approximately 42% to 47% in Q1 due to coronavirus.

03/25/2020|8:31:59 PM|Tongcheng-Elong
MakeMyTrip cuts advertising cost, suspends salary of chairman and CEO

MakeMyTrip cuts advertising cost, suspends salary of chairman and CEO

MakeMyTrip will immediately cancel all discretionary spending and suspend brand building expenses during the following quarter.

03/25/2020|7:57:23 PM|MakeMyTrip
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