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Beijing warns against US travel; France sees 30%-40% less visitors | Daily Brief
Juneyao Airlines will be indefinitely postponing the launch of new European routes; AI tech firm raised $42 million in funding.
BTG Homeinns targets 4500 hotels by the end of 2019
The expansion plan is being led by mid-scale hotels. In addition to this, BTG Homeinns is working closely with Hyatt Hotels to open their first UrCove hotel in 2020.
Coronavirus’ impact on the Chinese travel industry
Most of the industry does expect either marginal growth or an expansive rebound once the crisis abates.
Huazhu net revenue increases by 10.4% to US$427 million in Q3
Hotel turnover increased by 19% to RMB10 billion. Net revenues from leased and owned hotels were RMB2.1 billion, representing a 1.8% year-over-year increase.
Forrest Zhang joins Hotelbeds as Managing Director for China
The recruitment of Forrest will allow Hotelbeds to further strengthen its position as the world’s leading bedbank.
Expedia suspends China listings, Europe projects 7%-25% impact | Daily Brief
Europe anticipates seeing 7%-25% less Chinese visitor arrivals this year due to virus impact, OYO's annual loss has widened sixfold, and more for the day.
Howsy raises £5m to ‘make renting as easy as booking a hotel’
The latest round of funding will allow Howsy to expand its team and make a number of acquisitions.
New Century Hotel revenue rose 8.3% to RMB 905.2 million in H1 2019
Net profit increased 1.4% to RMB 80.9 million.
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Activities booking unicorn Klook acquires car rental firm Huizhuche
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
OYO sees signs of recovery in China after coronavirus outbreak
ANA partners Skyscanner on direct booking; Travelzoo furloughs global workforce | Daily Brief
Travelers fleeing global pandemic bid for limited flights to China
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