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Search results for “Rate Drop”
Investors offload stakes in Chinese OTA; Global hotel chains recover in China | Weekly Review
05/09/2020
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11:15:38 PM
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Booking loses $130 million in the sale of its Trip.com Group stake; Shanghai Disney theme park will reopen on May 11.
OYO data signals flagging growth at another big Softbank-backed startup
05/13/2020
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7:56:34 PM
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Recent counts show they've lost 32 percent down to around 20,000 with the steepest drop off taking place from the end of March to now.
Alibaba-invested repricing startup Hotelmize eyes expansion in China and Asia
04/29/2020
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9:56:10 AM
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While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.
China’s hotel occupancy rises from February's 12.8% to 23.2% as of March
04/24/2020
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5:55:22 PM
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China’s RevPAR declined 77.6% YoY to US$11, but up slightly from US$7.4 in February this year.
Chinese arrivals to Australia drop 99.8%; China Southern to raise over $2B | Daily Brief
05/16/2020
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10:39:31 AM
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Hotel occupancy in China reached over 40% during May 6-10 as business travel increased; Cathay Pacific flagged a “very bleak” outlook as coronavirus grounded planes globally.
E-commerce site JD buys into tour operator Caissa; Thousands of hotels closed | Daily Brief
04/28/2020
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10:41:52 PM
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China saw a declined growth rate of 5.9% in business travel last year; 74.29% of the Chinese hotels and inns have ceased operation due to COVID-19.
Airbnb's China bookings rise 200%; Skyscanner sees optimism | Daily Brief
04/27/2020
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11:49:05 PM
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Over 80 million Chinese are expected to enjoy their first vacation since coronavirus lockdown; Virus outbreak severely impacted China's image as a travel destination.
APAC experiences a 40% drop in travel searches from March
05/13/2020
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6:36:02 PM
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Domestic travel sees positive momentums and travelers are searching and dreaming of a destination during some specific months ahead.
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