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Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief
State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.
Marriot's RevPAR in Greater China drops 90% in February
Marriott estimates to earn $25 million less in monthly fee revenue, compared to its 2020 base-case outlook.
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.
US regulator triggered by HNA revamp; OYO’s Chinese rivals merge | Daily Brief
Cathay Pacific expects "substantial" loss in the first half of the year; Tokyo Disney extended shutdown to April.
The 10 most innovative travel companies of 2020
Hopper, Ennismore, Hipcamp, G Adventures, JSX are among the list.
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief
Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.
State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief
The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
China curbs overseas arrivals; OYO falls short in Japan | Daily Brief
Some Chinese cities have begun to restrict arrivals from overseas, signaling that the epidemic’s momentum has shifted outside of China.
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Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
Activities booking unicorn Klook acquires car rental firm Huizhuche
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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