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Hotel group merges China brands; Klook looks to local demand | Daily Brief

Jin Jiang International has completed a major restructuring to consolidate its limited-service hotel businesses; Air China is planning to operate 24 international routes between June 1 and July 1.

05/27/2020|7:29:17 AM|ChinaTravelNews

Hotel conglomerate Jin Jiang consolidates China units

Jin Jiang has accelerated its international expansion through mergers and acquisitions since 2015, acquiring Louvre Group, Plateno Group, Vienna Hotels Group and Radisson Hotels.

05/26/2020|12:04:03 AM|ChinaTravelNews

Hotel PMS firm raises $14 million; China accused of blocking US flights | Daily Brief

Car-hailing giant Didi started an international travel agency; Meituan recorded 45.5% fewer room nights due to pandemic impact.

05/25/2020|11:20:13 PM|ChinaTravelNews

Meituan records 45.5% less room nights amid pandemic impact

Revenues from in-store, hotel & travel were RMB 3.09 billion (USD 434 million) in the first quarter, 31.1% less than last year.

05/25/2020|10:25:18 PM|ChinaTravelNews

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
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