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Search results for “economic crisis”
How Marriott plans to manage a 45% drop in hotel occupancy rates
03/26/2020
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7:01:39 PM
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The chain is seeing occupancy rates in North America at under 25%, down from about 70% last year
MakeMyTrip cuts advertising cost, suspends salary of chairman and CEO
03/25/2020
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7:57:23 PM
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MakeMyTrip will immediately cancel all discretionary spending and suspend brand building expenses during the following quarter.
World’s top 50 valuable hotel brands could lose up to $14 billion of brand value
05/22/2020
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5:25:28 PM
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Hilton remains world’s most valuable hotel brand, up an impressive 35%. Mercure is fastest growing brand, following staggering 57% growth.
When will Chinese tourists return to international destinations?
06/12/2020
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2:51:12 PM
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China is therefore not likely to suggest its citizens travel internationally in the near future.
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.
WTTC estimates over 100 million jobs losses in the travel sector
04/29/2020
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10:23:25 AM
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Almost 75 million of the 100.8 million job losses will be in the G20 countries.
Hotel firm GreenTree expects a 30%-35% drop in Q1 revenue
04/14/2020
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9:35:51 PM
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Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.
Flight Plan 2020: How travel will be different a few months from now
04/21/2020
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6:11:23 PM
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The travel industry no longer represents an opportunity for quick profits.
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