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Alibaba-backed outbound travel agency to liquidate amid coronavirus outbreak

The company has been facing financial troubles since the second half of 2019.

03/03/2020|1:28:03 PM|ChinaTravelNews

Corporate travel to take a $560B hit; searches for flights up 138% | Daily Brief

China allocated USD 814 million to support project construction in the cultural tourism industry; Singapore Airlines is cutting pay for management staff.

03/02/2020|4:49:38 PM|ChinaTravelNews

Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief

Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.

02/27/2020|10:01:43 AM|ChinaTravelNews

Booking expects a 5%-10% drop in room nights amid virus outbreak

The coronavirus has had a significant and negative impact on business for the first quarter this year.

02/27/2020|7:50:54 AM|ChinaTravelNews

Trip.com Group-controlled Qunar’s CEO is appointed as CEO of Tujia

Mr. Gang Chen will retain his CEO post at Qunar.com after adding the responsibility as Tujia’s new CEO.

02/26/2020|9:20:22 AM|ChinaTravelNews

China curbs overseas arrivals; OYO falls short in Japan | Daily Brief

Some Chinese cities have begun to restrict arrivals from overseas, signaling that the epidemic’s momentum has shifted outside of China.

02/26/2020|10:26:24 AM|ChinaTravelNews

Beijing warns against US travel; France sees 30%-40% less visitors | Daily Brief

Juneyao Airlines will be indefinitely postponing the launch of new European routes; AI tech firm raised $42 million in funding.

02/24/2020|8:56:36 PM|ChinaTravelNews

State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief

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.

02/21/2020|11:21:10 PM|ChinaTravelNews
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