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China shows strong desire for trips; HNA Group gets US bailout funds | Daily Brief
07/09/2020|5:30:33 AM|
Consumers turn to duty-free as outbound tourism halted; Airlines explore new ways to offset economic losses.
OYO China announces the resignation of its Chinese CFO
07/08/2020|12:15:31 AM|
Mr. Li has decided to move on from the company "to pursue other professional opportunities".
Britain's air bridges exclude China; Skyscanner launches Fare Families | Daily Brief
07/06/2020|10:14:36 PM|
Airlines in China rolled out discount packages one after another hoping to recoup money and boost consumption; Young tourists show growing interest in domestic travel but shrinking willingness to travel abroad.
Leveraging 3rd party flagship stores for building "in China for China" business
07/05/2020|5:23:21 PM|
Foreign hotel companies are setting up their flagship stores on Ctrip and Fliggy, and looking at them as a way to let locals shop in a way they are accustomed to.
More than 40,000 hotels in China closed down in the first half of 2020
07/05/2020|11:41:40 AM|
In June alone, some 15,000 hotel companies had gone under.
Cathay unveils $5B bailout plan; Asian countries to build more travel bubbles | Weekly Review
06/14/2020|10:50:01 AM|
China's aviation regulator plans to increase international flights as the demand is skyrocketing; Thailand said China, Japan are interested in travel bubbles.
Hotel giant Huazhu reports 15.7% drop in Q1 revenue, expects further decline in Q2
07/01/2020|10:22:38 PM|
Huazhu expects net revenues to decline 32% to 34% year-over-year in the second quarter of 2020, or 35% to 37% if excluding the addition of Deutsche Hospitality.
TravelSky adds China Eastern as investor of App; Airbnb China sees recovery | Daily Brief
06/13/2020|11:36:32 AM|
Chinese air traffic is rebounding with each of the biggest three airlines operating around 1,000 more flights per week by the end of May; Cathay Pacific saw a 99.6% drop in passenger traffic in April.
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