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Fosun Tourism raises $988M; Forward bookings in China show dramatic rebound | Daily Brief
03/23/2020|11:34:25 PM|
Chinese tourist arrivals to Japan dropped 87.9% in February; Hainan government announced a USD 21.2 million rejuvenation plan for the island’s beleaguered tourism industry with duty free shopping at the heart.
Asia is restricting visitors; Agoda offers long-term stays | Daily Brief
03/16/2020|11:21:21 PM|
Trip.com Group-backed hotel firm reported virus impact of RMB 20.77 million in 38 days; Scandinavian airline SAS will temporarily lay off 10,000 employees, or 90% of its workforce.
BA parent IAG buys 4.61% stake in Norwegian, looks to a potential takeover
04/13/2018|6:20:11 PM|
Norwegian has endured its fair share of struggles in recent years and reported an annual loss of nearly $38.5 million for 2017.
Booking.com’s challenges with tours and activities lead to Musement partnership
03/10/2020|4:48:55 PM|
Musement, Isango, and Tiqets are not only potential Booking.com tours and activities partners, but are likewise potential acquisition targets.
Hainan Airlines to purchase hotel, aviation assets from parent HNA Group
04/11/2018|1:33:43 PM|
Overseas assets would account for 48 to 65 per cent of all outlays involved in this overhaul, said Hainan Airlines, adding that it would need to consult and discuss with multiple overseas regulators.
B2B travel platform Octopus scoops $95 million, backed by Alipay’s parent
04/09/2018|1:00:44 PM|
Alipay parent company Ant Financial and CCB International are new investors, and both will participate in Octopus’s new S2B initiative.
China Southern Airlines unit to transfer half its equity in mixed-ownership reform
03/04/2020|9:54:39 PM|
China Southern Airlines General Aviation will let employees own between 5 percent and 10 percent of its equity.
HNA Group asks Chinese government for help as liquidity risks rise
02/29/2020|4:51:08 PM|
Parent group of Hainan Airlines asked local provincial government to help resolve its liquidity risks.
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