The company estimated an additional USD 1.2 billion impact on the Disney Parks, Experiences and Products segment operating income compared to the prior-year quarter.
Highlights will include 5G smart homes presented by mobile carriers, discounted travel services from Trip.com, an online reading festival hosted by China Reading, and a cross-border payment service courtesy of Huifu.
The 2021 priority is to prepare for the coming travel rebound.
China has nearly 3,000 theme parks so far, and about 400 are large-scaled ones.
Chuangfei will train pilots for a Chinese domestic airline invested by Tongcheng-Elong.
Trip.com Group expects a surge in demand for outbound travel from China once COVID-19 restrictions ease, but in the meantime is focusing on “personalized” packages for domestic tourism.
When crisis hits an industry, you can rebuild and invest.
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