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Hotel recovery led by midscale & economy; Global aviation loss to rise to $2T | Daily Brief
04/11/2020|6:28:44 AM|
Shanghai Airport stock slumps below target by the widest margin in 13 years; China's theme parks re-open with strict rules to prevent further outbreak of the virus.
Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review
04/04/2020|10:14:48 PM|
Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.
Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief
04/03/2020|11:02:25 PM|
An investment firm indirectly associated with Trip.com Group wants to privatize online classifieds marketplace 58.com; OYO's CEO will forego his salary for the rest of the year.
Trustdata: Hotel room nights in China grow to 806 million in 2019
04/10/2020|10:38:40 PM|
Domestic hotel room nights sold through online booking channels increased 26.7% year on year in 2019.
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
03/21/2020|5:38:25 PM|
Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.
IHG's first-quarter RevPAR drops 65.3% in China
05/07/2020|10:57:40 PM|
Recent weeks have continued to see a moderate improvement in occupancy levels which are running in the mid-20% range, up from a trough of ~5% in mid-February.
Asia is restricting visitors; Agoda offers long-term stays | Daily Brief
03/16/2020|11:21:21 PM|
Trip.com Group-backed hotel firm reported virus impact of RMB 20.77 million in 38 days; Scandinavian airline SAS will temporarily lay off 10,000 employees, or 90% of its workforce.
Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief
03/19/2020|1:03:31 AM|
The world's largest hotel chain has started furloughing tens of thousands of employees; Cathay Pacific will sell six of its Boeing 777-300ER planes to BOC Aviation.
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