Search results for “OTA”
Investors offload stakes in Chinese OTA; Global hotel chains recover in China | Weekly Review
05/09/2020|11:15:38 PM|
Booking loses $130 million in the sale of its Trip.com Group stake; Shanghai Disney theme park will reopen on May 11.
Trip.com Group’s acquisition of Travix hints at appeal of smaller OTA
05/22/2020|11:50:33 AM|
Trip.com Group may have decided that it was easier to acquire Travix, which has loyal customers in niche segments, than to compete with Travix via its Trip brand.
Chinese OTA giant faces tougher challenges in second quarter
05/30/2020|11:55:21 AM|
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.
OTA denies mass layoffs; Klook lets go of hundreds | Daily Brief
04/21/2020|11:04:52 PM|
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.
Chinese OTA denies mass layoffs as it merges airline, travel agency units
04/21/2020|5:03:15 PM|
An insider at Tongcheng said the firm’s consolidation would involve some staff restructuring, but no mass redundancies.
OTA giant invests in PMS provider; payment startup raises $160M | Daily Brief
04/16/2020|6:24:56 PM|
Hundreds of hotels in Wuhan call for government aid after voluntarily providing free rooms to medical workers battling coronavirus; Cathay Pacific carried 90% fewer passengers in March.
Online tour guide provider Lvji generates 96.4% revenue through OTAs
03/30/2020|10:30:04 PM|
The sale through Lvji's own APP contributed less than 1% of the company's total revenue.
OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020|12:27:48 AM|
Hong Kong will buy 500,000 flight tickets from the city’s airlines as part of a stimulus; China's domestic travelers decreased 61.4% during a three-day holiday.
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Didi starts international travel agency; Trip.com faces more challenges | Weekly Review

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