For the industry to stage a full recovery, it would also require international travel to be fully restored, which might take months yet.
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.
System integration service revenue rose 23.3% to RMB 1,168.0 million for 2019, accounting for 14.4% of the company’s total revenue in the year.
Hotel giant leverages equity investments to grow profit significantly last year; Chinese visitors to Japan plunge 87.9% in February.
Three Chinese airline partners work with KLM to support the Netherlands's virus containment; Hong Kong Disney extends ticket expiry date.
Airfare rose 1.5 times as Covid-19 pandemic spread, according to Trip.com Group's data.
The country’s aviation authority today told Chinese airlines to maintain only one route to any country and limit the number of flights to one per week, effective March 29.
Weekly flights will be downsized to around 130, reducing the number of China's inbound airline passengers from 25,000 to around 5,000 per day.
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