Hotel giant posts bigger loss in Q1, expects revenue to drop 2%-6% in Q2; More carriers resume domestic flights from Shanghai.
Revenue excluding DH is expected to decline 23% to 27% in the second quarter, mainly due to large impacts from Omicron variant outbreak in China.
China’s travel retail revival will impact the growth story of global brands; China Eastern lists steps needed to return 737 Max to skies.
Chinese mainland airlines to obtain government subsidies to overcome operational difficulty; Singapore’s air travel is rebounding despite China’s border restrictions.
Online travel company Trip.com Group acknowledges that the things-to-do segment is still in an early stage of development with a comparably low level of digitization.
Cathay Pacific to rehire hundreds of cabin crew; Meituan Travel and Tujia look to capitalize on Airbnb’s exit from China.
The company has seen 460% increase in Southeast Asian hotel bookings made from January 1st to April 30th compared to last year – surpassing even 2019’s levels.
The online travel company’s plan to target opportunities, for instance, reaching out to new users in lower-tier cities, continues to deliver.