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Hotel firm GreenTree expects a 30%-35% drop in Q1 revenue

Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.

04/14/2020|9:35:51 PM|ChinaTravelNews

Travel companies turn to live streaming and advance purchase for recovery

Advance purchases may not be just a provisional measure during epidemic but a regular project that will stay.

04/13/2020|2:43:20 PM|ChinaTravelNews

Trustdata: Hotel room nights in China grow to 806 million in 2019

Domestic hotel room nights sold through online booking channels increased 26.7% year on year in 2019.

04/10/2020|10:38:40 PM|ChinaTravelNews

Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review

Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.

04/04/2020|10:14:48 PM|ChinaTravelNews

Klook buys car rental firm; Chinese airlines confident of ‘triumph’ | Daily Brief

Global mobile payment solution provider Ksher said it has secured millions of US dollars; China’s airlines see only a short-term hit from the coronavirus outbreak.

04/02/2020|11:56:53 PM|ChinaTravelNews

Alibaba invests in Israeli travel tech firm Hotelmize

The Israel-based company is establishing its APAC headquarters in Hong Kong as a gateway to APAC and China.

04/01/2020|6:12:14 PM|ChinaTravelNews

Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief

Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.

03/31/2020|11:25:59 PM|ChinaTravelNews

Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief

State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.

03/31/2020|12:09:00 AM|ChinaTravelNews
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