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Search results for “Mergers”
Hotel conglomerate Jin Jiang consolidates China units
05/26/2020
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12:04:03 AM
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Jin Jiang has accelerated its international expansion through mergers and acquisitions since 2015, acquiring Louvre Group, Plateno Group, Vienna Hotels Group and Radisson Hotels.
Hotel group merges China brands; Klook looks to local demand | Daily Brief
05/27/2020
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7:29:17 AM
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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.
WEX cancels plan to purchase eNett and Optal
05/09/2020
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7:13:07 PM
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The three companies believe that WEX had assumed all of these risks when it signed the Purchase Agreement.
Tripadvisor lays off 25% of global workforce, closes some offices
04/29/2020
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2:12:38 PM
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More than 900 employees will be laid off and business units been reorganized.
Shanghai Disney testing parade for reopening; Klook furloughs hundreds | Weekly Review
04/25/2020
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6:12:10 PM
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Parent of Chinese OTA Tongcheng-Elong denied speculation about mass layoffs; A study finds COVID-19 will dent China's total tourism income by a third this year.
Klook lets go of hundreds as travel lockdown hits business
04/21/2020
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2:58:51 PM
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The news will likely accelerate speculation of a merger with GetYourGuide, a leading OTA in Europe that also has Softbank as an investor.
OTA denies mass layoffs; Klook lets go of hundreds | Daily Brief
04/21/2020
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11:04:52 PM
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Tongcheng Group will merge Hongtu Airlines, Tongcheng International Travel Service and Tongcheng Travel into a new company called Tongcheng Aviation & Travel; China's airline market could see further consolidation.
Chinese OTA denies mass layoffs as it merges airline, travel agency units
04/21/2020
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5:03:15 PM
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An insider at Tongcheng said the firm’s consolidation would involve some staff restructuring, but no mass redundancies.
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