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Shanghai resort zone revenue grows 17%; Chinese airlines lose $2B in Q1 | Daily Brief
04/30/2020|1:17:55 AM|
TUI China kicks off curated short-haul holidays; South Korea has agreed with China to start facilitating some business travel between the two.
Shanghai International Resort receives 66 million visitors in four years
04/30/2020|12:05:58 AM|
Total revenue of the resort zone grew 17% last year to USD 1.4 billion.
Loyalty programs scramble to stay relevant
04/29/2020|11:00:16 PM|
In order to maintain brand awareness, many companies have put forward miles and points awarding activities.
Apartment rental startup Frontdesk secures $6.8M in funding
04/29/2020|11:30:37 AM|
A third of its guests are business travelers, and the company plans to focus on expanding that share this year.
WTTC estimates over 100 million jobs losses in the travel sector
04/29/2020|10:23:25 AM|
Almost 75 million of the 100.8 million job losses will be in the G20 countries.
Alibaba-invested repricing startup Hotelmize eyes expansion in China and Asia
04/29/2020|9:56:10 AM|
While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.
E-commerce site JD buys into tour operator Caissa; Thousands of hotels closed | Daily Brief
04/28/2020|10:41:52 PM|
China saw a declined growth rate of 5.9% in business travel last year; 74.29% of the Chinese hotels and inns have ceased operation due to COVID-19.
Cathay Pacific to increase international flights in late June
04/28/2020|4:40:12 PM|
Cathay Pacific and its regional wing Cathay Dragon intend to increase their flying capacity from 3 per cent to 5 per cent between June 21 and June 30.
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