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Amadeus revenue contracted by 61.0% in 2020

Amadeus revenue contracted by 61.0% in 2020

Travel agency air bookings fell by 81.5%.

02/28/2021|9:54:15 AM|ChinaTravelNews
The losers in the HNA's bankruptcy

The losers in the HNA's bankruptcy

Restructuring will wipe out equity stakes apparently now held by two shadowy charities, co-founder Chen Feng and other executives, but ownership has always been opaque.

02/26/2021|4:36:39 PM|Caixin
IHG revenues down 52% in “most challenging year”

IHG revenues down 52% in “most challenging year”

Full-year RevPAR was down 52.5 percent and the recovery in Greater China was most advanced with Q4 RevPAR of -18.2 percent.

02/24/2021|1:55:08 PM|BTN
Tripadvisor revenue down 61% in 2020, eyeing subscription product for 2021

Tripadvisor revenue down 61% in 2020, eyeing subscription product for 2021

The company will remain focused on building direct, durable customer relationships to effectively convert Tripadvisor’s influence into monetization.

02/20/2021|4:18:48 PM|Phocuswire
Minor Hotels taps China's growing domestic tourism

Minor Hotels taps China's growing domestic tourism

Minor Hotels has over 530 hotels in 56 countries, but only two hotels operating in mainland China targeting the upscale segment.

02/20/2021|12:21:17 PM|BangkokPost
Accor further offloads 1.5% stake in Huazhu Group

Accor further offloads 1.5% stake in Huazhu Group

After this transaction, Accor still owns a 3.3% stake in Huazhu and continues to be represented at the Group’s Board of Directors.

02/20/2021|11:40:07 AM|ChinaTravelNews
Chinese court approves HNA Group restructuring

Chinese court approves HNA Group restructuring

The ruling, which covers regional carriers Air Changan, Fuzhou Airlines, Grand China Air, GX Airlines, Lucky Air, and Urumqi Air, could have a significant impact on overall fleet size.

02/18/2021|4:31:09 PM|BusinessTraveller
Hilton posts third straight quarterly loss on pandemic-led travel slump

Hilton posts third straight quarterly loss on pandemic-led travel slump

Net loss was $224 million in the fourth quarter ended Dec. 31, compared with net income of $175 million a year earlier.

02/18/2021|6:31:03 AM|Reuters
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