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Caissa Travel suspends purchase of Tuniu shares from JD.com

If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.

06/01/2020|10:01:08 AM|ChinaTravelNews

Didi starts international travel agency; Trip.com faces more challenges | Weekly Review

The worse is yet to come as Trip.com Group projected net revenue to drop by 67%-77% in Q2; TravelSky sells a stake in its consumer-facing app to China Southern Airlines.

06/01/2020|10:59:28 AM|ChinaTravelNews

Tuniu appoints financial controller; Chinese airlines on track for recovery | Daily Brief

Trip.com Group posted a 62% drop in accommodation and a 29% decrease in transportation; Global travel disruptions are the top concern for American businesses in China.

05/30/2020|2:37:22 PM|ChinaTravelNews

Chinese OTA giant faces tougher challenges in second quarter

International transportation accounts for 50% of Trip.com Group's total transportation revenue, so transportation will be more vulnerable to the COVID-19 impact than hotels will.

05/30/2020|11:55:21 AM|ChinaTravelNews

Trip.com Group net revenue drops 42% in Q1, accommodation down by 62%

The company expects net revenue to decrease by 67% to 77% year-over-year for the second quarter.

05/29/2020|6:49:31 AM|ChinaTravelNews

Hotel group merges China brands; Klook looks to local demand | Daily Brief

Jin Jiang International has completed a major restructuring to consolidate its limited-service hotel businesses; Air China is planning to operate 24 international routes between June 1 and July 1.

05/27/2020|7:29:17 AM|ChinaTravelNews

Hotel PMS firm raises $14 million; China accused of blocking US flights | Daily Brief

Car-hailing giant Didi started an international travel agency; Meituan recorded 45.5% fewer room nights due to pandemic impact.

05/25/2020|11:20:13 PM|ChinaTravelNews

Meituan records 45.5% less room nights amid pandemic impact

Revenues from in-store, hotel & travel were RMB 3.09 billion (USD 434 million) in the first quarter, 31.1% less than last year.

05/25/2020|10:25:18 PM|ChinaTravelNews
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