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IHG's first-quarter RevPAR drops 65.3% in China
05/07/2020|10:57:40 PM|
Recent weeks have continued to see a moderate improvement in occupancy levels which are running in the mid-20% range, up from a trough of ~5% in mid-February.
Airbnb's China bookings rise 200%; Skyscanner sees optimism | Daily Brief
04/27/2020|11:49:05 PM|
Over 80 million Chinese are expected to enjoy their first vacation since coronavirus lockdown; Virus outbreak severely impacted China's image as a travel destination.
Ctrip Corporate Travel’s white paper sheds light on latest market trends
04/28/2020|10:14:49 AM|
China’s business travel market posted a growth rate of 5.9% last year, while the average annual growth rate in 2013-2018 was 11%.
Social e-commerce platform Pinduoduo adds flight booking service
06/02/2020|4:55:47 PM|
Profitability is not the only challenge that Pinduoduo will have to face, as China’s online travel market is already very crowded.
Online travel platforms build membership programs for independent hotels
06/04/2020|11:06:50 AM|
Smaller hotels are particularly vulnerable to the coronavirus impact and that may present an opportunity for the online giants to help while growing their own influence.
US to ban Chinese flights; Online travel platforms build hotel memberships | Daily Brief
06/03/2020|11:38:48 PM|
The Trump administration is banning Chinese passenger airlines from flying to the US; Global online travel agencies will drop rate parity terms on Korean regulatory demand.
Internet travel company Mounsey receives $7 million
06/17/2020|9:57:52 AM|
Mounsey boasts 2,500 branded outlets in China and aims at exceeding 10,000 outlets in three years.
OTA denies mass layoffs; Klook lets go of hundreds | Daily Brief
04/21/2020|11:04:52 PM|
Tongcheng Group will merge Hongtu Airlines, Tongcheng International Travel Service and Tongcheng Travel into a new company called Tongcheng Aviation & Travel; China's airline market could see further consolidation.
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