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Trip.com Group joins Standard Chartered to announce new virtual banking service Mox
03/13/2020|11:39:08 AM|
Mox will offer a comprehensive suite of retail financial services, as well as unique telecom, entertainment and travel products.
State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief
02/21/2020|11:21:10 PM|
The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief
03/13/2020|10:12:26 PM|
Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.
Airbnb management startup Hometime banks $6.7 million
11/21/2019|2:42:34 PM|
Hometime manages properties rented through platforms such as Airbnb, the startup now supports hosts in eight Aussie cities, and in Auckland.
International travelers can now use Alipay without Chinese bank account
11/06/2019|10:32:07 AM|
A prepaid card on Alipay lets foreigners top-up using international credit cards, giving it an advantage over Tencent’s WeChat Pay.
US regulator triggered by HNA revamp; OYO’s Chinese rivals merge | Daily Brief
03/12/2020|12:11:00 AM|
Cathay Pacific expects "substantial" loss in the first half of the year; Tokyo Disney extended shutdown to April.
Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review
03/14/2020|10:29:49 AM|
OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.
France has seen a 30% to 40% fall in tourists following the coronavirus outbreak
02/24/2020|4:55:47 PM|
France is one of the most visited countries in the world, and tourism accounts for nearly 8% of its GDP.
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