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Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.
Club Med resorts to reopen ‘One By One’ starting in China, Fosun Tourism CEO says
The domestic travel market has been bolstered by some 120 million to 140 million outbound travelers who cannot go abroad.
China set to lead Thailand’s tourism recovery from August
The top five preferred booking channels for Chinese travelers in order are Ctrip, Fliggy, hotel websites, Booking.com and WeChat.
Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief
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.
Online leisure travel firm Tuniu posts a 1.8% rise in 2019 net revenues
Tuniu expects its net revenues to decline by 65%-75% for the first quarter this year.
Accor's Bazin revamps hotel group's focus to Asia and luxury
Bazin aims to grow earnings from its loyalty program to more than €100 million.
iClick, Tencent launch travel recommendation management platform
The platform provides tourist attraction operators in China with features including customer preference analysis and ranked selections of recommended travel content.
Hong Kong’s airport passenger volume nosedives 91%, approaching all-time low
About 576,000 people in March passed through HKIA, compared with 6.39 million in the same month last year.
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China outbound tourism expected to recover in 6-12 months
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