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OTAs buy into hoteliers; MGM China advised to partner travel giants | Weekly Review
01/09/2021|9:49:25 PM|
China restricts travel for 11 million people in northern city; Weibo big data report shows family travel and “go west” are trending for hotels.
MGM advised to bring in new investor; China restricts travel in northern city | Daily Brief
01/07/2021|12:44:54 AM|
Qantas pushes back flights to Hong Kong, Japan; China Eastern Airlines subsidiary outlines launch network.
Tongcheng-elong’s CEO throws light on effective recovery strategy in Q3
11/28/2020|8:52:19 PM|
The company is looking at cost-effective traffic sources, especially in lower-tier cities, and banking on technological innovations going forward. The plan is to have 200 million annual paying users by 2021.
Tencent-backed OTA reports $292 million in revenue, almost back to the same level of last year in Q3
11/23/2020|6:23:16 PM|
The year-to-year decrease of adjusted profit was narrowed down to 11.2% in the third quarter of 2020 from 43.2% in the previous quarter.
Tour operator has 180 days to buy OTA stake; Carnival China prepares new team | Daily Brief
11/21/2020|10:24:33 AM|
Firms looking to cash in on travel bug of senior citizens; Hong Kong looks to mainland China for the next air travel bubble.
MakeMyTrip reports a decrease of 82.2% in revenue but sees growth from last quarter
10/27/2020|9:39:52 PM|
Results from Operating Activities was a loss of $26.1 million in 2Q21 versus a loss of $31.9 million in 2Q20, reflecting an improvement of $5.8 million YoY.
Tencent-invested OTA forms exclusive partnership with LINE unit in Thailand
09/08/2020|12:17:12 PM|
The strategic cooperation with Rabbit-LINE Pay will enable TravelGo.com to bring seamless online travel booking services to more than 46 million LINE users in Thailand.
Tencent-invested travel firm reports 24.6% drop in revenue, sees recovery trend
08/28/2020|6:37:48 PM|
As of June 30, around 85.9% of its registered users resided in non-first-tier Chinese cities.
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