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Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief
03/31/2020|11:25:59 PM|
Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.
OTA giant sees revenue falling by half; Foreign arrivals to Japan plunge 58% | Daily Brief
03/19/2020|10:52:49 PM|
Trip.com Group expects net revenue to decrease by 45%-50% in the first quarter; Four-fifths of flight capacity between China and the rest of the world has been cut back.
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.
Trip.com announces safeguards for travelers
03/13/2020|8:59:25 PM|
Trip.com will expand coverage of the initiative to individuals directly and unavoidably affected by the outbreak for bookings made before 23 February, for use before 31 March.
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.
TripAdvisor recorded 7% drop in revenue in third quarter
11/07/2019|10:07:29 AM|
In light of the difficult third quarter, TripAdvisor announced a comprehensive cost structure evaluation and authorized an additional $100 million share repurchase.
Huazhu-backed apartment service provider Chengjia raises nearly USD 300 million
09/10/2019|3:55:01 PM|
The proceeds will be used for expanding its property portfolio in core cities, brand building and developing its technology platform.
Invigorating a hotel with a fresh design - how Wyndham is doing it?
05/17/2019|11:42:19 AM|
Hotel companies need to come up with a design that not only reflects lifestyle and social elements of guests but also has to remain true to a brand’s essence and tone.
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