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Search results for “liquidity crisis”
China’s hotel recovery falls off rails; New airline seeks to fly 100+ routes | Daily Brief
01/25/2021
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10:12:05 PM
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Chinese hotel chain Huazhu projects Q4 revenues to surpass previous guidance; UK museum reaches Chinese audiences through Alibaba Fliggy.
Upscale hotel chain expects profit drop; China's No. 4 airline to draw new investors | Daily Brief
02/03/2021
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6:13:14 AM
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Club Med owner Fosun Tourism expects annual loss of up to $410 million; Chinese airlines’ income for the festival travel may rush down 60%-70%.
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020
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11:31:23 AM
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The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
Air Canada raises additional C$1.2B in cash
06/23/2020
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6:46:06 PM
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Air Canada says it now expects to end the second quarter of 2020 with about $9 billion in liquidity.
OTA joins group to launch an airline; Chinese flight suspended over infection | Daily Brief
06/16/2020
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12:18:09 AM
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Fosun-invested customized travel agency has gone bust; Indonesia plans travel bubble with China, Japan, and Australia.
Top Chinese carriers confident of their FFP members staying loyal
06/04/2020
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9:08:15 AM
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Chinese carriers not only took initiatives to assure their loyalty program members about the utility of loyalty currency and membership benefits, but they also paved way for smaller non-air redemptions to subsidize member's shopping for essentials during the coronavirus crisis.
Travelport receives $500 million in fresh financing from private equity
06/08/2020
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6:00:31 PM
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The fresh investment provides Travelport with the liquidity it needs to manage the sharp downturn in revenue related to a devastated travel industry due to the coronavirus pandemic.
Air Canada looking to quit Transat deal
06/04/2020
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2:34:38 PM
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The transaction has been under close scrutiny for months and faces closer examination in Europe, which will take up to 90 days.
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