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Search results for “cost cut”
Disney names new CEO; Trip.com Group firm changes chief | Daily Brief
02/26/2020
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10:08:38 PM
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Asia-Pacific destinations continue to report a hotel occupancy impact amid the outbreak; China Eastern launched a fresh carrier.
Virus dents bookings for IHG; Japan may lose $1.29 billion | Daily Brief
02/18/2020
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5:22:24 PM
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Even if the coronavirus outbreak ends quickly, the disruption in the supply chain will affect trade, tourism and confidence.
Global tourism to take a $80B hit, cruises shun Asia to avoid virus | Daily Brief
02/15/2020
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12:54:05 AM
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The coronavirus impact may last until the second quarter of 2021, industries are feeling the pinch beyond China, with the full impact remains to be seen.
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.
China airline passenger numbers fall 84.5% amid virus outbreak
03/12/2020
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5:03:09 PM
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China's aviation regulator said that the drop has caused a £2.35 billion fall in revenue.
State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief
02/21/2020
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11:21:10 PM
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The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
Tokyo Disneyland to close; Coronavirus could end global travel boom | Daily Brief
02/29/2020
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1:39:19 AM
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All of Disney’s theme parks in Asia are now temporarily shut; Alaska Tourism officials see an opportunity in Asia travel bans.
F1 Shanghai race at risk, Indonesia could lose $4 billion - Virus Updates
02/07/2020
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12:16:07 AM
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Formula One's Shanghai Grand Prix is in jeopardy amid growing fears over the coronavirus; Tokyo Olympic organizers worried the virus outbreak could "pour cold water" on the upcoming games.
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