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Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief

Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.

03/31/2020|11:25:59 PM|ChinaTravelNews

Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief

State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.

03/31/2020|12:09:00 AM|ChinaTravelNews

Online tour guide provider Lvji generates 96.4% revenue through OTAs

The sale through Lvji's own APP contributed less than 1% of the company's total revenue.

03/30/2020|10:30:04 PM|ChinaTravelNews

Tencent-invested Meituan registers 110 million room nights in Q4

Meituan estimates negative year-over-year revenues growth and operating loss for the first quarter of 2020 due to the pandemic.

03/30/2020|6:29:26 PM|ChinaTravelNews

Fosun cuts stake in Booking Holdings; OYO sees recovery in China | Daily Brief

The online travel company co-invested by Trip.com Group and Tencent reported over 205 million monthly active users; Hong Kong expects to see “zero visitors” for months.

03/26/2020|12:49:33 AM|ChinaTravelNews

Travel retail: Break old models to build new ones

Reinventing travel retail will bring about new opportunities despite the raging pandemic.

03/23/2020|12:10:00 PM|ChinaTravelNews

OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review

Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.

03/21/2020|5:38:25 PM|ChinaTravelNews

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
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