Major Chinese airlines have issued an unprecedented USD 12.7 billion worth of short-term notes since January; Chinese airlines operated more flights than US counterparts in May.
Moshe will split his time between the two companies, though both organizations will remain operationally independent from the other.
RACV’s strategic investment provides the strongest endorsement for the Tripfuser tailored-travel marketplace and provides a platform for a long-term partnership.
Given the newfound advantage for leisure destinations and those accessible by car, there might be some dramatic shifts in what’s considered a “good” short-term rental market.
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.
The worse is yet to come as Trip.com Group projected net revenue to drop by 67%-77% in Q2; TravelSky sells a stake in its consumer-facing app to China Southern Airlines.
Trip.com Group posted a 62% drop in accommodation and a 29% decrease in transportation; Global travel disruptions are the top concern for American businesses in China.
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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