There is still a significant proportion of flights in airlines schedules through to the end of the year which appear unrealistic and will almost certainly be canceled yet.
MakeMyTrip founder Deep Kalra is a big believer in “revenge travel”.
China will gain USD 400 billion in revenue from domestic tourism in 2020, down 52% due to COVID-19.
The top 5 airlines by flight volume compared to 2019 were American Airlines, China Eastern Airlines, Delta Air Lines, Southwest Airlines and United Airlines.
China’s rapid rate of hotel recovery stems from a central, fast response to the virus with tight lockdowns, which may not be available elsewhere.
Meituan saw 17% decline in hotel room nights in Q2; Movie Hotel raised over $25 million to create hybrid experience.
Booking Holdings gets a triple return on Meituan investment; Jin Jiang remains Accor's biggest shareholder with a 13% stake.
The company expects to finalize its plans and make relevant announcements to employees on a country by country basis.
ChinaTravelNews is a wholly owned subsidiary of
©2020 TravelDaily Inc.