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Search results for “economic crisis”
China’s Top 50 Hospitality Groups Report 2020: Opportunities coexist with crisis
07/24/2020
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10:10:16 PM
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Midscale hotels are still growing fast and playing a key role in China’s hotel industry.
Airbnb’s battle against local unicorns resumes as China’s home-sharing market recovers
07/09/2020
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9:01:32 PM
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The company has been aggressively offering coupons to both guests and hosts, to re-engage its users and try to rebuild consumer confidence in the travel industry.
Subscription services may boost airline revenue going forward
04/29/2020
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4:38:06 PM
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67% of respondents will consider subscription service. It is estimated there will be a lot of money to be made from it.
ixigo reinstates employee salaries, gives out deeply discounted ESOPs
07/09/2020
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2:36:34 PM
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In March, ixigo had cut salaries of all its employees in the range of 25% to 50%, which was expected to last for 6 months.
Leveraging 3rd party flagship stores for building "in China for China" business
07/05/2020
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5:23:21 PM
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Foreign hotel companies are setting up their flagship stores on Ctrip and Fliggy, and looking at them as a way to let locals shop in a way they are accustomed to.
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
03/28/2020
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9:08:22 PM
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Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.
When borders open, Chinese travelers will be first to travel
06/22/2020
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3:49:06 PM
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Peak recovery time is expected to arrive after September with bookings that seem to even out at the same slopes as last year.
Hainan travel surge leads continuing rebound in Chinese domestic market
06/24/2020
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6:07:53 PM
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There has been a “significant uptick” in travel bookings in recent weeks for travel in the rest of June and July.
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