President Trump's ban on super-app WeChat will deal a serious blow to U.S. tourism; "Happy Flight" travelers crashed Chinese airline's app with panic buying.
Senior creditors offer to take control of Swissport from HNA Group; Air China enhances UATP payment network as airline issuer.
Tencent-backed platform launched Super Group-Buying for hotel advance purchase; "Happy Flight" travelers crash Chinese airline's app with panic buying.
Sales initiatives like unlimited flight passes can pave way for a decent sized cash-flow injection in the short-term. In addition to exploring more options for revenue generation, there is also a need to focus on other aspects to boost the passenger confidence.
Unlike traditional group buying, the new offering can be redeemed and managed through online self-service.
China’s business travel expenditure reached USD 401 billion in 2019, with the annual growth rate exceeding 9.2%.
IHG's Greater China RevPAR drops 62% in half year; Macau casino stocks soar due to the resumption of mainland tourist visas.
The Greater China area generated USD 18 million in half-year revenue for IHG, and that's only 1.4% of the UK-based hotel chain's global income in the period.