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OTA denies mass layoffs; Klook lets go of hundreds | Daily Brief
Tongcheng Group will merge Hongtu Airlines, Tongcheng International Travel Service and Tongcheng Travel into a new company called Tongcheng Aviation & Travel; China's airline market could see further consolidation.
Shanghai Disney testing parade for reopening; Klook furloughs hundreds | Weekly Review
Parent of Chinese OTA Tongcheng-Elong denied speculation about mass layoffs; A study finds COVID-19 will dent China's total tourism income by a third this year.
Chinese OTA denies mass layoffs as it merges airline, travel agency units
An insider at Tongcheng said the firm’s consolidation would involve some staff restructuring, but no mass redundancies.
Tongcheng Tourism plans to invest in Hongtu Airlines
Tongcheng Tourism is said to eye a strategic investment in Hongtu Airlines, as China’s OTAs seek to extend on supply and demand sides to gain customers and build their own core advantages by providing a full range of services.
Caissa reports H1 operating revenue of RMB 3.405 billion, up 30.84%
Caissa reported 30.84% growth in operating revenue to ¥3.405 billion while catering services revenue grew 26.19% to ¥476 million, and its tourism business revenue was ¥2.92 billion, up 31.74%.
Tongcheng and eLong said to have entered into a new round of strategic cooperation
China Travel News has learned that Tongcheng and eLong have entered into a new round of strategic cooperation.
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