Juneyao Airlines will be indefinitely postponing the launch of new European routes; AI tech firm raised $42 million in funding.
The company announced business suspension 33 days before the new financing was announced. It has adopted a series of major measures to deal with the coronavirus outbreak.
France is one of the most visited countries in the world, and tourism accounts for nearly 8% of its GDP.
The routes were due to begin in late March but the COVID-2019 has led Juneyao Air to delay the start of the routes until further notice.
Mount Huangshan has started receiving visitors from Friday from 8 a.m. to 4 p.m., with the daily visitor number limited to 10,000.
Trip.com facilitated cloud tourism of over 3,000 tourist attractions in 832 cities of 48 countries in the world.
Hyatt is estimating that every 1 percent decline in greater China RevPAR equals $1 million to $2 million hits to EBITDA.
The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
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