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Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review
03/14/2020
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10:29:49 AM
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OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.
Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief
03/13/2020
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10:12:26 PM
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Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.
Corporate travel to take a $560B hit; searches for flights up 138% | Daily Brief
03/02/2020
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4:49:38 PM
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China allocated USD 814 million to support project construction in the cultural tourism industry; Singapore Airlines is cutting pay for management staff.
Marriot's RevPAR in Greater China drops 90% in February
02/28/2020
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8:49:40 PM
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Marriott estimates to earn $25 million less in monthly fee revenue, compared to its 2020 base-case outlook.
Expedia suspends travel listings from mainland China amid coronavirus outbreak
02/20/2020
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9:53:35 PM
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Expedia has informed its suppliers via email that it will suspend the sale of all mainland China-based products, ground transportation and tours.
China's travel industry bracing for $430 billion losses for 2020
02/14/2020
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11:27:31 AM
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Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
71.5% of Chinese travelers will hit the road after the outbreak ends
02/21/2020
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6:23:08 PM
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China Tourism Academy said the domestic trips would drop 15.5% and outbound trips fall 17.6% in 2020.
Coronavirus outbreak costing global tourism billions
01/29/2020
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11:25:59 PM
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The outbreak will hit Asia Pacific economies, particularly in retail, restaurants, conferences, sporting events, tourism and commercial aviation.
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