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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.
Chinese carriers see mixed traffic recovery; iClick boosts tourism in Japan | Daily Brief
05/18/2020|11:47:11 PM|
China and South Korea have asked Japan to join them in relaxing controls on business travel as virus cases tail off; United Airlines wants to resume passenger flights to China as soon as next month.
China takes the first step to restart group tours
05/18/2020|11:37:27 AM|
The move is a minor but positive signal for China to gradually restart its travel business.
China issues $1.87 billion special bonds to support major tourism projects
05/12/2020|9:56:50 AM|
As of the end of March, 23 local governments in the nation had issued special bonds, raising a total of RMB 13.259 billion (USD 1.87 billion) in support of the cultural and tourism sectors.
Travel companies turn to live streaming and advance purchase for recovery
04/13/2020|2:43:20 PM|
Advance purchases may not be just a provisional measure during epidemic but a regular project that will stay.
Hotel firm GreenTree expects a 30%-35% drop in Q1 revenue
04/14/2020|9:35:51 PM|
Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.
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.
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