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Ctrip Corporate Travel’s white paper sheds light on latest market trends
04/28/2020|10:14:49 AM|
China’s business travel market posted a growth rate of 5.9% last year, while the average annual growth rate in 2013-2018 was 11%.
IHG's China business improves steadily while global occupancy stays in 20%-26%
04/27/2020|5:09:45 PM|
IHG expects Q1 Global RevPAR to decrease 25%, including a 55% decline in March.
Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief
03/31/2020|11:25:59 PM|
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.
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
03/21/2020|5:38:25 PM|
Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.
China data portend tough times for US hotels; Cathay cuts 96% flights | Daily Brief
03/20/2020|11:40:36 PM|
Major Chinese airlines registered over 30-percentage-point declines in load factor; Fosun Tourism's China operation slowly recovers.
China’s hotel occupancy rises from February's 12.8% to 23.2% as of March
04/24/2020|5:55:22 PM|
China’s RevPAR declined 77.6% YoY to US$11, but up slightly from US$7.4 in February this year.
Virus may cost 75M travel jobs; Forward bookings show dramatic rebound | Weekly Review
03/28/2020|9:54:45 PM|
Hotel giant leverages equity investments to grow profit significantly last year; Chinese visitors to Japan plunge 87.9% in February.
Expedia names new CEO, raising $3.2 billion amid COVID-19
04/23/2020|11:03:23 PM|
Preliminary results show that room nights dropped by 12%-17% to 67-71 million in the first quarter and gross bookings were down by 38%-43% at USD 17.1-18.5 billion.
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Lufthansa plans to suspend Beijing flights as German investments in China reach record high

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