Bob Chapek, CEO of Disney, remained confident that the company "should be in good shape once consumer confidence sort of returns".
Hotel investment in Asia plunged 45% in the first half of this year; Indonesia to set up travel corridors with China and UAE.
The company expects to finalize its plans and make relevant announcements to employees on a country by country basis.
RevPAR in Greater China has shown continued improvement since May, with preliminary estimates indicating occupancy reaching 57% at the end of July.
China reports 207 million railway trips in July; Taiwanese airlines offer fun flights to Japan but don’t expect to land.
Some 10% of them make travel reservations on e-commerce platform Taobao, video-sharing app TikTok and lifestyle sharing platform Xiaohongshu.
Alibaba rolls out credit-based Accommodation At Will program Suixinzhu; Skyscanner offers DMOs free advertising slots.
Hong Kong tour operator was sued at court by creditors for a winding-up petition; Ryanair fails to win injunction against Skyscanner.
