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Klook lets go of hundreds as travel lockdown hits business
The news will likely accelerate speculation of a merger with GetYourGuide, a leading OTA in Europe that also has Softbank as an investor.
How China emerges from lockdown will affect global tourism
Purveyors of services beyond aviation and accommodation depend on it. Chinese tourists spend lavishly on overseas jaunts, around double the global average.
Hotel group merges China brands; Klook looks to local demand | Daily Brief
Jin Jiang International has completed a major restructuring to consolidate its limited-service hotel businesses; Air China is planning to operate 24 international routes between June 1 and July 1.
Huazhu restructures for global plan; Trip.com Group buys Dutch OTA | Weekly Review
OYO has finally appointed a CEO for its China unit; The world's top 50 hotel brands are losing USD 14 billion in value.
Expedia reports net loss of 1.3 billion for Q1 2020
Revenue grew in both January and February before declining significantly year over year in March.
Huazhu initiates major restructuring to pursue global ambition
China remains key to the company's operation while Huazhu will continue its investments for international expansion.
Chinese airlines not likely to rebound for at least two years
While reliable economic data are difficult to find from various sources, a rebound will depend on how fast the global economy rebounds, and what new role China will play in it.
Hotel bookings through global distributors and suppliers down 80% in early April
STR projects that China hotels will recover to only 90% of 2019’s level of occupancy, ADR and RevPAR by 2021.
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Daily flights in China rebound to 80%; Beijing airport to lose $100M in half year | Daily Brief
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Trip.com works with Malaysia Airlines; More foreign carriers return to Shanghai | Daily Brief
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