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Shiji grows operating revenue by 18.24% last year
04/30/2020|10:26:33 PM|
Operating revenue beyond mainland China were RMB 424 million, or 11.58% of total revenue, up by 69.11%.
Shanghai resort zone revenue grows 17%; Chinese airlines lose $2B in Q1 | Daily Brief
04/30/2020|1:17:55 AM|
TUI China kicks off curated short-haul holidays; South Korea has agreed with China to start facilitating some business travel between the two.
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.
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.
Airbnb's China bookings rise 200%; Skyscanner sees optimism | Daily Brief
04/27/2020|11:49:05 PM|
Over 80 million Chinese are expected to enjoy their first vacation since coronavirus lockdown; Virus outbreak severely impacted China's image as a travel destination.
Activities booking unicorn Klook acquires car rental firm Huizhuche
04/02/2020|3:26:04 PM|
A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
Alibaba invests in Israeli travel tech firm Hotelmize
04/01/2020|6:12:14 PM|
The Israel-based company is establishing its APAC headquarters in Hong Kong as a gateway to APAC and China.
IHG sees occupancy rise in Greater China; Chinese airlines have lost $3.1B | Daily Brief
03/24/2020|11:09:30 PM|
The gradual resumption of business in China has not helped domestic airlines make ends meet; Tokyo Olympics is postponed to 2021.
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