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Hilton Q1 RevPAR declined 22.6%, full recovery years to come
05/09/2020
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11:37:00 AM
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In China, occupancy as of May 4 was approximately 40 percent, up from about 9 percent in early February.
Chinese hotel giant Huazhu offloads partial stake in Accor last year
04/25/2020
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8:22:54 PM
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Same-hotel RevPAR growth continued to slow down in 2018-2019, reflecting oversupply in hotel market and intensified competition in greater accommodation industry with alternative lodging.
Hotel bookings through global distributors and suppliers down 80% in early April
04/23/2020
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11:27:14 AM
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STR projects that China hotels will recover to only 90% of 2019’s level of occupancy, ADR and RevPAR by 2021.
Covid-19 causes US outbound flight bookings to slump
03/02/2020
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10:42:41 AM
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Flight bookings from USA stall by 19.3%, to the Asia Pacific region down by 87.7%.
COVID-19 hits January passenger demand
03/06/2020
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9:51:17 PM
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Asia-Pacific airlines’ January traffic climbed 2.5% compared to the year-ago period, which was the slowest outcome since early 2013.
Coronavirus causes collapse in Chinese travel
01/31/2020
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1:29:05 AM
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Although the vast majority had left before the travel restrictions took effect, the prospect of a record-breaking year was gone.
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.
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.
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