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Travel sector eyes consumers from lower-cities in China
04/13/2021|11:25:41 AM|
The travel sector is counting on consumers from lower-tier cities as a vital cog for not only revenue generation in the short-term, but also as a growth engine for the future.
MakeMyTrip posts a 61.3% drop in revenue but is on track of recovery
01/28/2021|11:42:37 PM|
Gross bookings improved to $598.8 million in 3Q21 versus $213.0 million in 2Q21, reflecting an increase of 181.5% QoQ.
OTAs buy into hoteliers; MGM China advised to partner travel giants | Weekly Review
01/09/2021|9:49:25 PM|
China restricts travel for 11 million people in northern city; Weibo big data report shows family travel and “go west” are trending for hotels.
MGM advised to bring in new investor; China restricts travel in northern city | Daily Brief
01/07/2021|12:44:54 AM|
Qantas pushes back flights to Hong Kong, Japan; China Eastern Airlines subsidiary outlines launch network.
Tongcheng-elong’s CEO throws light on effective recovery strategy in Q3
11/28/2020|8:52:19 PM|
The company is looking at cost-effective traffic sources, especially in lower-tier cities, and banking on technological innovations going forward. The plan is to have 200 million annual paying users by 2021.
Tencent-backed OTA reports $292 million in revenue, almost back to the same level of last year in Q3
11/23/2020|6:23:16 PM|
The year-to-year decrease of adjusted profit was narrowed down to 11.2% in the third quarter of 2020 from 43.2% in the previous quarter.
Tour operator has 180 days to buy OTA stake; Carnival China prepares new team | Daily Brief
11/21/2020|10:24:33 AM|
Firms looking to cash in on travel bug of senior citizens; Hong Kong looks to mainland China for the next air travel bubble.
MakeMyTrip reports a decrease of 82.2% in revenue but sees growth from last quarter
10/27/2020|9:39:52 PM|
Results from Operating Activities was a loss of $26.1 million in 2Q21 versus a loss of $31.9 million in 2Q20, reflecting an improvement of $5.8 million YoY.
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