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Tencent-backed OTA reports a 43.6% drop in Q1 revenue

05/21/2020|5:34:42 PM|

Net revenue is expected to decrease by 24% to 29% for the second quarter this year.

Expedia reports net loss of 1.3 billion for Q1 2020

05/21/2020|7:30:53 AM|

Revenue grew in both January and February before declining significantly year over year in March.

Trivago reports a net loss of €214M in Q1 of 2020

05/19/2020|3:00:45 PM|

Trivago observed a sharp decline in Referral Revenue, decreasing 33% YoY.

Huazhu's RevPAR drops 58% to RMB 75 in Q1

04/24/2020|2:56:42 PM|

The same-hotel occupancy rate declined 35.5 percent point in Q1.

Accor CEO: We won’t be investing equity in our struggling hotels

04/24/2020|1:55:07 PM|

The occupancy at Accor’s upscale Chinese properties has improved into the 20 percent range.

Trip.com Group net revenue drops 42% in Q1, accommodation down by 62%

05/29/2020|6:49:31 AM|

The company expects net revenue to decrease by 67% to 77% year-over-year for the second quarter.

Hotel firm GreenTree expects a 30%-35% drop in Q1 revenue

04/14/2020|9:35:51 PM|

Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.

Tencent-invested Meituan registers 110 million room nights in Q4

03/30/2020|6:29:26 PM|

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

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