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Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review

Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.

04/04/2020|10:14:48 PM|ChinaTravelNews

Klook buys car rental firm; Chinese airlines confident of ‘triumph’ | Daily Brief

Global mobile payment solution provider Ksher said it has secured millions of US dollars; China’s airlines see only a short-term hit from the coronavirus outbreak.

04/02/2020|11:56:53 PM|ChinaTravelNews

Alibaba invests in Israeli travel tech firm Hotelmize

The Israel-based company is establishing its APAC headquarters in Hong Kong as a gateway to APAC and China.

04/01/2020|6:12:14 PM|ChinaTravelNews

Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief

Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.

03/31/2020|11:25:59 PM|ChinaTravelNews

Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief

State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.

03/31/2020|12:09:00 AM|ChinaTravelNews

Jin Jiang Hotels generates $2.1 billion in operating revenue in 2019

Jin Jiang Hotels recently entered into the buyout agreement of guest rooms and related services with Jin Jiang International.

03/30/2020|9:39:12 PM|ChinaTravelNews

Virus may cost 75M travel jobs; Forward bookings show dramatic rebound | Weekly Review

Hotel giant leverages equity investments to grow profit significantly last year; Chinese visitors to Japan plunge 87.9% in February.

03/28/2020|9:54:45 PM|ChinaTravelNews

Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2

Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.

03/28/2020|9:08:22 PM|ChinaTravelNews
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