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OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020
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12:27:48 AM
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Hong Kong will buy 500,000 flight tickets from the city’s airlines as part of a stimulus; China's domestic travelers decreased 61.4% during a three-day holiday.
Major shareholders cut stakes in Trip.com Group
04/12/2020
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10:01:14 AM
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Baidu and Booking Holdings have both taken a step back and sold part of their stakes in the Chinese online travel giant.
Canton Fair will go digital; IATA allows airline refunds in coupons | Daily Brief
04/09/2020
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2:41:47 AM
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The 127th Canton Fair will take place in mid to late June and be hosted online to prevent the spread of coronavirus; Wuhan airport re-opens to host 233 flights today.
Accor's Bazin revamps hotel group's focus to Asia and luxury
03/22/2020
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11:52:21 PM
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Bazin aims to grow earnings from its loyalty program to more than €100 million.
Amadeus plans for €300M cost-cutting program as coronavirus slams aviation
03/30/2020
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1:09:49 PM
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The company is also canceling a dividend payment of €320 million that had been scheduled for the general shareholders’ meeting in June.
China limits cross-border flights, halts entry by foreigner visa & residence permit | Daily Brief
03/27/2020
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12:58:59 AM
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Weekly flights will be downsized to around 130, reducing the number of China's inbound airline passengers from 25,000 to around 5,000 per day.
Booking Holdings reduces marketing spend, implements a hiring freeze
03/24/2020
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1:02:04 PM
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The brand CEOs and Glenn Fogel decide to forego salaries during this time of the crisis.
OYO China operations are on the brink of collapse
03/12/2020
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3:32:29 PM
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OYO China has slashed around 7,000 jobs with a current head-count at 2,734.
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