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Huazhu restructures for global plan; Trip.com Group buys Dutch OTA | Weekly Review

OYO has finally appointed a CEO for its China unit; The world's top 50 hotel brands are losing USD 14 billion in value.

05/23/2020|9:22:05 PM|ChinaTravelNews

Trip.com Group buys OTA Travix; Tuniu receives Nasdaq compliance warning | Daily Brief

The hotel sector is heavily impacted by COVID-19 and brands could lose up to USD 14 billion of cumulative brand value; China dismisses suspending applications for private passports as a rumor.

05/23/2020|11:46:32 AM|ChinaTravelNews

Tencent-backed OTA reports a 43.6% drop in Q1 revenue

Net revenue is expected to decrease by 24% to 29% for the second quarter this year.

05/21/2020|5:34:42 PM|ChinaTravelNews

Major OTA reports 43.6% drop in revenue; China buys into Norwegian Air | Daily Brief

Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.

05/21/2020|5:16:44 PM|ChinaTravelNews

China continues flight control; Huazhu restructures for global ambition | Daily Brief

Despite reports of restoration, China’s air transportation system is not likely to fully recover for at least another two years; Hong Kong airport sees 99.5% passenger traffic drop in April.

05/20/2020|11:57:56 PM|ChinaTravelNews

Huazhu initiates major restructuring to pursue global ambition

China remains key to the company's operation while Huazhu will continue its investments for international expansion.

05/20/2020|10:58:13 PM|ChinaTravelNews

Delta, United to resume China flights; Kempinski reopens all hotels | Daily Brief

Trip.com worked with Dutch channel technology firm to grow vacation rental listings; Chinese travel influencers pivoted to lifestyle content.

05/19/2020|11:26:18 PM|ChinaTravelNews

OYO appoints CEO for its China unit

The China market generated USD 307 million in revenue for OYO in FY2019, but also posted a net loss of USD 197 million, accounting for nearly 60% of the company's total annual loss.

05/16/2020|10:33:18 PM|ChinaTravelNews
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