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Search results for “cost cut”
Accor reports nearly 50% revenue drop in Q1 2021
04/22/2021
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5:23:56 PM
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In Asia-Pacific, RevPAR fell by 54.8%, with mixed performances by region.
China Southern reviewing future of A380 fleet
04/15/2021
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12:17:08 PM
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As part of the carrier’s fleet restructuring plan, China Southern Airlines is cutting some orders of the new aircraft.
How can your property emerge as a winner in 2021?
04/02/2021
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5:37:18 PM
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Many hoteliers are continuing with shortsighted budgeting decisions in 2021, without considering the long-term implications.
Cathay Pacific posts record USD 2.8 billion annual loss, focuses on preserving cash
03/11/2021
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10:53:50 AM
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In December, Cathay's passenger numbers fell by 98.7% compared with a year earlier.
Airbnb slashes spend in permanent shift from performance marketing to brand
03/08/2021
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7:34:39 PM
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The brand campaign means sales and marketing as a percentage of revenue will be higher in the first half of this year than in the second half.
'We’re not shy of the battle': Webjet to take on Expedia, Booking.com in online hotel market
01/22/2021
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3:27:54 PM
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Following its cost-cutting initiatives, Webjet only needs the travel market to return to 50% of its previous levels for it be profitable again.
Alibaba's FlyZoo aims to drastically cut cost of human labor
01/24/2019
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6:30:26 PM
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Alibaba intends to build some other hotels but they will primarily be used by company staff on business trips to head offices in Beijing and Shanghai.
Tourists in China scale back travel plans; India denies banning Chinese passengers | Daily Brief
12/31/2020
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9:05:36 PM
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Trip.com's group-tour report reveals a new era for small, private groups; China's hotel occupancy recovers faster than rest of world.
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