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Franchise hotel chain Qingzhu secures tens of millions of dollars
03/19/2020|2:28:16 PM|
The platform has over 3,000 hotels, mainly in provincial capitals, available for booking.
Trip.com Group expects revenue to drop 45%-50% amid COVID-19 outbreak
03/19/2020|7:25:49 AM|
Net revenue grew 15% to USD 5.1 billion for the year.
Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief
03/19/2020|1:03:31 AM|
The world's largest hotel chain has started furloughing tens of thousands of employees; Cathay Pacific will sell six of its Boeing 777-300ER planes to BOC Aviation.
Fosun Tourism sees acquisition opportunities amid virus outbreak
03/18/2020|11:21:26 AM|
The company said it believes that the demand of the global tourism industry will continue to rise in the long run.
Beijing quarantines inbound travelers; airlines face bankruptcy | Daily Brief
03/18/2020|12:45:03 AM|
Chinese airlines including Air China and China Southern are to reduce international flights in response to the coronavirus pandemic; CAPA said most global airlines will be bankrupt by the end of May.
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.
Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review
03/14/2020|10:29:49 AM|
OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.
Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief
03/13/2020|10:12:26 PM|
Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.
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