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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.
Chinese OTA denies mass layoffs as it merges airline, travel agency units
04/21/2020|5:03:15 PM|
An insider at Tongcheng said the firm’s consolidation would involve some staff restructuring, but no mass redundancies.
Booking Holdings applies for European relief with substantial layoffs possible
04/17/2020|4:47:22 PM|
Expedia Group chairman Barry Diller said the recovery in the travel industry would probably happen in September and later.
Hotel recovery led by midscale & economy; Global aviation loss to rise to $2T | Daily Brief
04/11/2020|6:28:44 AM|
Shanghai Airport stock slumps below target by the widest margin in 13 years; China's theme parks re-open with strict rules to prevent further outbreak of the virus.
BA and Marriott get GDPR fine reprieve
04/09/2020|6:41:47 PM|
The hundreds of millions in penalty payments could drive additional layoffs at BA and Marriott, that will not benefit anyone.
CFIUS triggered by HNA Group’s management change
03/11/2020|11:06:21 PM|
Changes of ownership or control can trigger jurisdiction of the Committee on Foreign Investment in the U.S. (CFIUS) with respect to U.S. entities.
What’s next for Trip.com Group as coronavirus crisis subsides in China?
04/02/2020|2:56:14 PM|
CEO Jane Sun said the company needs to provide the travel service in a very safe and methodical way when a lot of people would like to travel after being locked down for two months.
China’s $4.6 billion overseas study tour market halted by coronavirus
03/24/2020|3:17:08 PM|
About 1.3 million youngsters had spent part of their summer holidays studying overseas in 2019.
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