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Cathay unveils $5B bailout plan; Asian countries to build more travel bubbles | Weekly Review
06/14/2020
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10:50:01 AM
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China's aviation regulator plans to increase international flights as the demand is skyrocketing; Thailand said China, Japan are interested in travel bubbles.
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.
Didi starts international travel agency; Trip.com faces more challenges | Weekly Review
06/01/2020
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10:59:28 AM
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The worse is yet to come as Trip.com Group projected net revenue to drop by 67%-77% in Q2; TravelSky sells a stake in its consumer-facing app to China Southern Airlines.
Booking.com, Trip.com to drop lowest-rate terms on Korea's regulatory demand
06/03/2020
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3:50:35 PM
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In the corrective measures presented to the FTC, they offered to delete the "lowest guarantee" clauses in their contracts with lodging companies.
Culture Trip and Lonely Planet unite, give advertisers access to combined audience
06/12/2020
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6:40:14 PM
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The two companies are now bidding that their combined audience of more than 100 million, as of the second half of 2019, will be an attractive proposition for advertisers.
Social e-commerce platform Pinduoduo adds flight booking service
06/02/2020
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4:55:47 PM
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Profitability is not the only challenge that Pinduoduo will have to face, as China’s online travel market is already very crowded.
Caissa Travel suspends purchase of Tuniu shares from JD.com
06/01/2020
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10:01:08 AM
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If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.
Trivago's total revenue decreases by 8% to €838.6 million in 2019
02/12/2020
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5:04:34 PM
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Net income increased by €38.7 million to €17.2 million in the twelve months ended December 31, 2019.
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