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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

Trip.com announces safeguards for travelers

Trip.com will expand coverage of the initiative to individuals directly and unavoidably affected by the outbreak for bookings made before 23 February, for use before 31 March.

03/13/2020|8:59:25 PM|Trip.com

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

OYO’s Chinese rivals merge amid coronavirus outbreak

The IDG Capital-invested H Hotel has signed up a total of 2,500 hotels as of 2019, while Huazhu’s Elan Hotel has contracted over 600 properties.

03/11/2020|10:09:44 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

Shanghai Disney partially reopens; Trip.com launches travel presales | Daily Brief

Trip.com has launched presales of admissions to some 300 scenic spots, air tickets, accommodation and tour packages; Google's travel ad revenue may drop 10.2% in second quarter.

03/09/2020|11:38:41 PM|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
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