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OTA chief cuts salary; event cancellations cost $1B | Daily Brief
03/11/2020
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12:24:19 AM
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The direct economic loss from the cancellation from nine major tech conferences already surpassed USD 1 billion; A Disneyland Paris maintenance worker tested positive for coronavirus.
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.
HNA Group asks Chinese government for help as liquidity risks rise
02/29/2020
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4:51:08 PM
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Parent group of Hainan Airlines asked local provincial government to help resolve its liquidity risks.
Genting Dream deal secures USD 900 million
01/20/2020
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3:06:25 PM
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Part of the funds was used for repayment of the outstanding balance of approximately USD 502 million.
Companies halt operations, restrict corporate travel to China
01/29/2020
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10:57:01 PM
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Major global corporations have announced to shut down respective operations until further notice and banned employees from traveling to China.
France has seen a 30% to 40% fall in tourists following the coronavirus outbreak
02/24/2020
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4:55:47 PM
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France is one of the most visited countries in the world, and tourism accounts for nearly 8% of its GDP.
Intelligent hotel solution provider Xiezhu Technology lands $37 million funding
01/10/2020
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10:48:30 AM
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The company’s solutions are used by 8,000 hotels in China and have helped upgrade 350,000 rooms.
HNA Group pledges stake in Chinese bank for cash
12/25/2017
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9:46:27 AM
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Hainan Province CiHang Foundation, HNA’s largest shareholder in China, pledged 919.3 million shares of China Postal Savings Bank on Dec. 15, according to a regulatory filings by the lender.
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