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OTA giant sees revenue falling by half; Foreign arrivals to Japan plunge 58% | Daily Brief

Trip.com Group expects net revenue to decrease by 45%-50% in the first quarter; Four-fifths of flight capacity between China and the rest of the world has been cut back.

03/19/2020|10:52:49 PM|ChinaTravelNews

Franchise hotel chain Qingzhu secures tens of millions of dollars

The platform has over 3,000 hotels, mainly in provincial capitals, available for booking.

03/19/2020|2:28:16 PM|ChinaTravelNews

Trip.com Group expects revenue to drop 45%-50% amid COVID-19 outbreak

Net revenue grew 15% to USD 5.1 billion for the year.

03/19/2020|7:25:49 AM|ChinaTravelNews

Fosun Tourism sees acquisition opportunities amid virus outbreak

The company said it believes that the demand of the global tourism industry will continue to rise in the long run.

03/18/2020|11:21:26 AM|ChinaTravelNews

Beijing quarantines inbound travelers; airlines face bankruptcy | Daily Brief

Chinese airlines including Air China and China Southern are to reduce international flights in response to the coronavirus pandemic; CAPA said most global airlines will be bankrupt by the end of May.

03/18/2020|12:45:03 AM|ChinaTravelNews

Asia is restricting visitors; Agoda offers long-term stays | Daily Brief

Trip.com Group-backed hotel firm reported virus impact of RMB 20.77 million in 38 days; Scandinavian airline SAS will temporarily lay off 10,000 employees, or 90% of its workforce.

03/16/2020|11:21:21 PM|ChinaTravelNews

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
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