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China caps capacity of "high-risk" flights; IHG partners with Ant Group | Daily Brief
09/02/2020
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12:36:28 AM
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Meituan reports the world’s highest hotel room nights in Q2; Smart tour guide operator Lvji reports a net loss of $11.7 million.
MakeMyTrip posts a 95% drop in revenue
08/23/2020
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12:14:24 AM
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The company has secured credit and guarantee facilities of USD 100 million, which includes a USD 70 million facility from MakeMyTrip's largest shareholder.
Trump’s WeChat ban will harm more than just tourism
08/10/2020
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6:10:28 PM
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Travel agencies not only market a destination via WeChat but make a point of how easy it is to use the app while there.
Booking Holdings gains $1 billion on Meituan bet; Trip.com, AirAsia join forces | Daily Brief
08/08/2020
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2:48:10 AM
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Hilton hotels' occupancy exceeds 60% in China; Fosun Tourism rebrands Thomas Cook as a lifestyle online platform.
MakeMyTrip's operating loss widens nearly tenfold in latest quarter
06/27/2020
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2:30:47 PM
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Revenues from air ticketing and hotels & packages posted declines of 14% and 18.3% respectively. But the company's bus ticketing business still saw an increase of 21%.
Chinese hotel group GreenTree sees a 33% drop in Q1 revenue
06/05/2020
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2:18:13 PM
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The company expects its total revenues to decrease by 10%-15% for the full year 2020.
Trip.com Group net revenue drops 42% in Q1, accommodation down by 62%
05/29/2020
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6:49:31 AM
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The company expects net revenue to decrease by 67% to 77% year-over-year for the second quarter.
Shares issue and new banking facility boosts On The Beach’s liquidity by £120 million
05/27/2020
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1:51:51 PM
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A total of 26,143,500 ordinary shares in the OTA have been placed at a price of 257.5p per share representing almost 20% of the company’s existing issued share capital.
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