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Search results for “Rate Drop”
Fosun Tourism raises $988M; Forward bookings in China show dramatic rebound | Daily Brief
03/23/2020
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11:34:25 PM
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Chinese tourist arrivals to Japan dropped 87.9% in February; Hainan government announced a USD 21.2 million rejuvenation plan for the island’s beleaguered tourism industry with duty free shopping at the heart.
Could addiction to debt come back to haunt some online travel companies?
04/08/2020
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6:28:31 PM
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Expedia Group’s long-term debt grew to $4.18 billion while Booking Holdings reported a $7.64 billion in 2019.
ITB Berlin canceled; indebted airline group seeks help | Weekly Review
02/29/2020
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6:06:54 PM
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The ITB Berlin 2020 is officially canceled; Expedia starts global lay-offs this week in Asia offices.
Hotel markets throughout Asia Pacific show coronavirus impact
02/26/2020
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1:07:22 PM
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Macau saw the steepest occupancy decline (-97%), falling from absolute level of 96% to just 3% between 6 January and 16 February.
China offers airlines subsidies; Finnair considers layoffs | Daily Brief
03/05/2020
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10:15:56 PM
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The head of the US Chamber of Commerce said the government will not need to bail out US airlines; Bookings from China to Canadian province declined 70% between March and October.
Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief
04/03/2020
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11:02:25 PM
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An investment firm indirectly associated with Trip.com Group wants to privatize online classifieds marketplace 58.com; OYO's CEO will forego his salary for the rest of the year.
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief
02/27/2020
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10:01:43 AM
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Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.
Chinese outbound travel firm collapses; Beijing quarantines travelers | Daily Brief
03/03/2020
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6:34:07 PM
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Japanese cruise line blamed coronavirus for its bankruptcy; Thailand projected 6 million fewer visitors this year.
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