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OTA gets green light for US investment; Fliggy offers Fly At Will flight deals | Weekly Review
07/19/2020
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12:21:24 PM
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Short-term rental firm Xiaozhu teamed up with lifestyle social network Xiaohongshu; E-commerce giant JD.com invested in the digital unit of Beijing Tourism Group to expand in the travel industry.
Accor works on a domestic travel recovery promotion in China
06/23/2020
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5:01:50 PM
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Accor worked with travel and social media platforms including Ctrip, Fliggy, Meituan Dianping and WeChat, capturing the pent up domestic demand for travel and even impulse consumption by rewarding loyalists.
OTA buys a stake in airport app; E-commerce site adds flight booking service | Daily Brief
06/02/2020
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11:30:38 PM
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EU chamber urged China to cut subsidies to inefficient airlines; Marriott hotels' occupancy rate in China rose to 40%.
Social e-commerce platform Pinduoduo adds flight booking service
06/02/2020
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4:55:47 PM
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Profitability is not the only challenge that Pinduoduo will have to face, as China’s online travel market is already very crowded.
Caissa Travel suspends purchase of Tuniu shares from JD.com
06/01/2020
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10:01:08 AM
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If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.
Huazhu restructures for global plan; Trip.com Group buys Dutch OTA | Weekly Review
05/23/2020
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9:22:05 PM
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OYO has finally appointed a CEO for its China unit; The world's top 50 hotel brands are losing USD 14 billion in value.
Major OTA reports 43.6% drop in revenue; China buys into Norwegian Air | Daily Brief
05/21/2020
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5:16:44 PM
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Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.
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.
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