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State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief

02/21/2020|11:21:10 PM|

The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.

Expedia comments on suspension of mainland China listings

02/21/2020|12:16:33 PM|

The suspension does not affect existing bookings for mainland China made before the stop-sell measures were implemented.

HNA-Caissa Tourism shareholders transfer a 1.66% stake to state-owned enterprise

02/21/2020|10:32:22 AM|

Caissa Tourism reported revenue decline of 14.2% in the first three quarters of 2019, to RMB5.95 billion.

Expedia freezes China listings; ITB China 2020 postponed | Weekly Review

02/20/2020|10:08:28 PM|

China may see losses of USD 430 billion by the coronavirus disruption on travel for 2020; It plans cash injections and mergers to bail out aviation.

China accounts for nearly 60% of OYO's annual losses

02/18/2020|2:13:03 PM|

International markets including China contributed to USD 252 million (75%) of the USD 335 million losses for FY2019, while these markets constituted only 36.5% of the global revenues.

OTA seeks $1.2 billion loan, tourism slowdown spreads in Asia | Daily Brief

02/15/2020|12:54:56 AM|

Travel advisers projected 10%-15% off in the $45.6 billion global cruise industry, major Chinese park operator warned of epidemic impact on $320 million asset-backed notes.

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