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Shares issue and new banking facility boosts On The Beach’s liquidity by £120 million
A total of 26,143,500 ordinary shares in the OTA have been placed at a price of 257.5p per share representing almost 20% of the company’s existing issued share capital.
China continues flight control; Huazhu restructures for global ambition | Daily Brief
Despite reports of restoration, China’s air transportation system is not likely to fully recover for at least another two years; Hong Kong airport sees 99.5% passenger traffic drop in April.
TravelFlan buys an international travel agency, raising $12 million in new round
The company is in talks to buy an OTA in South Korea.
Expedia reports net loss of 1.3 billion for Q1 2020
Revenue grew in both January and February before declining significantly year over year in March.
Future of Thai tourism industry is in Chinese hands, and phones
Partnerships with digital firms and social media influencers are among the strategies to win back Chinese visitors.
US islands affected by Chinese flights ban; HK eases curbs for elite | Daily Brief
China issued an alert warning citizens not to travel to Australia; HNA's Swissport said Belgium unit to file for bankruptcy.
Marriott says millennial guests can spur Asia hotels recovery
The first and biggest group of people to come out and engage were millennials. Everything digital is becoming the new norm for them.
Huazhu initiates major restructuring to pursue global ambition
China remains key to the company's operation while Huazhu will continue its investments for international expansion.
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China outbound tourism expected to recover in 6-12 months
South Korea travel startup MyRealTrip secures USD 36M in new funding
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