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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

Trip.com Group expects revenue to drop 45%-50% amid COVID-19 outbreak

Net revenue grew 15% to USD 5.1 billion for the year.

03/19/2020|7:25:49 AM|ChinaTravelNews

Asia is restricting visitors; Agoda offers long-term stays | Daily Brief

Trip.com Group-backed hotel firm reported virus impact of RMB 20.77 million in 38 days; Scandinavian airline SAS will temporarily lay off 10,000 employees, or 90% of its workforce.

03/16/2020|11:21:21 PM|ChinaTravelNews

Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review

OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.

03/14/2020|10:29:49 AM|ChinaTravelNews

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

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

Booking withdraws first-quarter guidance due to worsening virus impact

The company believes it has "a strong operating model and solid balance sheet" to weather this disruption.

03/10/2020|12:22:33 PM|ChinaTravelNews
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