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Trip.com Group’s acquisition of Travix hints at appeal of smaller OTA
05/22/2020|11:50:33 AM|
Trip.com Group may have decided that it was easier to acquire Travix, which has loyal customers in niche segments, than to compete with Travix via its Trip brand.
Tencent-backed OTA reports a 43.6% drop in Q1 revenue
05/21/2020|5:34:42 PM|
Net revenue is expected to decrease by 24% to 29% for the second quarter this year.
Major OTA reports 43.6% drop in revenue; China buys into Norwegian Air | Daily Brief
05/21/2020|5:16:44 PM|
Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.
Ctrip launches IHG flagship store, 70% of OYO China hotels reopened | Daily Brief
05/15/2020|7:36:48 AM|
Chinese carriers are likely to see a full recovery by 2021; Beijing is mulling to cut red tape and fast-track cross-border checks with Taiwan, Hong Kong, Macao and South Korea.
70% of OYO hotels in China have reopened
05/14/2020|7:29:56 PM|
As China stumbles back to normalcy, OYO too is seeing signs of recovery as compared to the shut business during the lockdown.
Airline group sees virus hurting travel for at least five years
05/14/2020|6:56:54 PM|
Global traffic will still be about 10% below original estimates in 2025.
STR reports gradual recovery in China market
05/13/2020|6:56:28 PM|
Over the last seven-to-ten days, and the Labour Day weekend, occupancy returned to 50% in some areas
What the world can learn from China's travel recovery
05/12/2020|11:45:41 PM|
McKinsey projects that the majority of the Chinese travelers will not go on trips until the National Holiday in late September and early October.
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