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Search results for “Oyo Rooms”
Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief
04/03/2020
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11:02:25 PM
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An investment firm indirectly associated with Trip.com Group wants to privatize online classifieds marketplace 58.com; OYO's CEO will forego his salary for the rest of the year.
Virus may cost 75M travel jobs; Forward bookings show dramatic rebound | Weekly Review
03/28/2020
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9:54:45 PM
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Hotel giant leverages equity investments to grow profit significantly last year; Chinese visitors to Japan plunge 87.9% in February.
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
03/21/2020
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5:38:25 PM
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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.
Activities booking unicorn Klook acquires car rental firm Huizhuche
04/02/2020
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3:26:04 PM
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A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review
03/14/2020
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10:29:49 AM
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OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.
Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief
03/19/2020
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1:03:31 AM
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The world's largest hotel chain has started furloughing tens of thousands of employees; Cathay Pacific will sell six of its Boeing 777-300ER planes to BOC Aviation.
Beijing quarantines inbound travelers; airlines face bankruptcy | Daily Brief
03/18/2020
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12:45:03 AM
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Chinese airlines including Air China and China Southern are to reduce international flights in response to the coronavirus pandemic; CAPA said most global airlines will be bankrupt by the end of May.
Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief
03/13/2020
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10:12:26 PM
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Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.
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