Search results for “profit”
China's air traffic decline slows down; Global aviation losses to top $84 billion | Daily Brief
06/11/2020|7:18:45 AM|
The Chinese air passengers were down by 52.6% year-on-year in May, compared with a 68.5% year-on-year decline in April; Skyscanner finds post-COVID travel anxiety is easing.
Alibaba-invested repricing startup Hotelmize eyes expansion in China and Asia
04/29/2020|9:56:10 AM|
While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.
Caissa Travel suspends purchase of Tuniu shares from JD.com
06/01/2020|10:01:08 AM|
If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.
TravelSky sells a stake in its consumer-facing App to China Southern
05/28/2020|2:34:11 PM|
The state-controlled giant is taking a step to better adjust to the market-based economy and explore monetization for its app unit.
Meituan records 45.5% less room nights amid pandemic impact
05/25/2020|10:25:18 PM|
Revenues from in-store, hotel & travel were RMB 3.09 billion (USD 434 million) in the first quarter, 31.1% less than last year.
China to see big uplift in air; Travel bookings surge as alert relaxed | Daily Brief
04/30/2020|10:44:07 PM|
Spring Airlines will open 47 domestic routes to meet increasing travel demand; Shanghai tourist attractions require reservations for holiday.
Tencent-backed OTA reports a 43.6% drop in Q1 revenue
05/21/2020|5:34:42 PM|
Net revenue is expected to decrease by 24% to 29% for the second quarter this year.
Chinese arrivals to Australia drop 99.8%; China Southern to raise over $2B | Daily Brief
05/16/2020|10:39:31 AM|
Hotel occupancy in China reached over 40% during May 6-10 as business travel increased; Cathay Pacific flagged a “very bleak” outlook as coronavirus grounded planes globally.
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