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Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review

OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.

03/14/2020|10:29:49 AM|ChinaTravelNews

Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief

Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.

03/13/2020|10:12:26 PM|ChinaTravelNews

China's air passengers fall 84.5%; business travel to lose $820B | Daily Brief

Airbnb could face a bill of up to €200 million after a court ruled it was not entitled to claim booking fees from its Dutch customers; Traffic at European airports could fall by 187 million.

03/12/2020|11:16:53 PM|ChinaTravelNews

US regulator triggered by HNA revamp; OYO’s Chinese rivals merge | Daily Brief

Cathay Pacific expects "substantial" loss in the first half of the year; Tokyo Disney extended shutdown to April.

03/12/2020|12:11:00 AM|ChinaTravelNews

OTA chief cuts salary; event cancellations cost $1B | Daily Brief

The direct economic loss from the cancellation from nine major tech conferences already surpassed USD 1 billion; A Disneyland Paris maintenance worker tested positive for coronavirus.

03/11/2020|12:24:19 AM|ChinaTravelNews

Trump bans a Chinese acquisition; Booking restructures BU | Weekly Review

Booking.com's China director has been ousted; An Alibaba-invested outbound travel company liquidated amid virus outbreak.

03/07/2020|11:15:20 PM|ChinaTravelNews

Fliggy launches live channel; Russia takes $400M hit | Daily Brief

Japan will quarantine people arriving from South Korea and China for two weeks; the global aviation industry could lose USD 63-113 billion in revenue.

03/06/2020|9:48:42 PM|ChinaTravelNews

China offers airlines subsidies; Finnair considers layoffs | Daily Brief

The head of the US Chamber of Commerce said the government will not need to bail out US airlines; Bookings from China to Canadian province declined 70% between March and October.

03/05/2020|10:15:56 PM|ChinaTravelNews
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