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ChinaTravelNews Briefing: ITB China raises insights, Hyatt flagship store debuts on Ctrip
06/01/2018
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6:02:57 PM
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ITB China 2018 concluded with high hopes for China’s tourism growth, Ctrip brought in Hyatt flagship store, and more Chinese tourists are heading to Europe destinations and Russia.
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.
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief
02/27/2020
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10:01:43 AM
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Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.
Disney names new CEO; Trip.com Group firm changes chief | Daily Brief
02/26/2020
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10:08:38 PM
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Asia-Pacific destinations continue to report a hotel occupancy impact amid the outbreak; China Eastern launched a fresh carrier.
China plans to take over HNA Group and sell its airline assets
02/20/2020
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10:33:26 AM
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The government of Hainan is in talks to take control of the conglomerate.
Expedia reports 8% growth in gross booking for 2019
02/14/2020
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7:43:30 AM
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The company expects the coronavirus will have USD 30-40 million impact to adjusted EBITDA in Q1.
Tripadvisor's annual revenue drops 3% in 2019
02/13/2020
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1:36:02 PM
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As Google continues to siphon off high-quality traffic, Tripadvisor's hotel auction revenue declined by double digits year-over-year in Q3 and Q4.
Outlet mall operator Value Retail faces hit amid coronavirus outbreak
02/11/2020
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3:51:25 PM
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Chinese consumers spent about $500M at Value Retail schemes and made up around 20% to 25% of overall spend for retailers.
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