Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.
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.
The company believes it has "a strong operating model and solid balance sheet" to weather this disruption.
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.
Booking.com's China director has been ousted; An Alibaba-invested outbound travel company liquidated amid virus outbreak.
Japan will quarantine people arriving from South Korea and China for two weeks; the global aviation industry could lose USD 63-113 billion in revenue.
Airbnb’s plan for public listing this year is at risk of slipping into 2021; China's ski industry may lose USD 1.1 billion.
The independent China business unit will be restructured and will report to the Asia Pacific and global leadership.
