Embattled Cathay Pacific faces continued cash burn; Chinese airlines may not turn a profit even as domestic travel rebounds.
Alibaba acquires a minor stake in a major tour operator; Travel experiences platform KKday raises $75 million in C round.
Alibaba and Utour will cooperate on product supply, channel and branding, big data technology, payment and system solutions.
The new funding will be used to continue to expand in Asia and globally and to build out a new solution for travel operators and activity providers, Rezio.
Hong Kong Disneyland reopens for second time; Hampton by Hilton signs the 500th hotel in six years in China.
China's domestic flights push past pre-COVID levels as holiday approaches; OTA giant posts 64% drop in revenue, sees domestic full recovery.
Trip.com Group, Tencent and Macao issue $22 million travel coupons; Hong Kong to add UK to high-risk countries.
The company records a strong recovery of China domestic businesses, offset by a steep decline of international businesses.
