Mr. Gang Chen will retain his CEO post at Qunar.com after adding the responsibility as Tujia’s new CEO.
Some Chinese cities have begun to restrict arrivals from overseas, signaling that the epidemic’s momentum has shifted outside of China.
Juneyao Airlines will be indefinitely postponing the launch of new European routes; AI tech firm raised $42 million in funding.
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.
The suspension does not affect existing bookings for mainland China made before the stop-sell measures were implemented.
China may see losses of USD 430 billion by the coronavirus disruption on travel for 2020; It plans cash injections and mergers to bail out aviation.
Even if the coronavirus outbreak ends quickly, the disruption in the supply chain will affect trade, tourism and confidence.
Expedia has informed its suppliers via email that it will suspend the sale of all mainland China-based products, ground transportation and tours.