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Hotel PMS firm raises $14 million; China accused of blocking US flights | Daily Brief
05/25/2020|11:20:13 PM|
Car-hailing giant Didi started an international travel agency; Meituan recorded 45.5% fewer room nights due to pandemic impact.
Programmatic ad spend down 9% since beginning of 2020, driven by travel and auto
05/25/2020|5:20:20 PM|
Although programmatic ad spend reports sharp drop, many brands are still viewing the pandemic as an opportunity.
Wuhan, now a top travel attraction
05/20/2020|10:37:03 PM|
The sprawling city on the banks of the Yangtze River has shot to no.1 must-see destination in the country, up from eighth place last year.
Huazhu restructures for global plan; Trip.com Group buys Dutch OTA | Weekly Review
05/23/2020|9:22:05 PM|
OYO has finally appointed a CEO for its China unit; The world's top 50 hotel brands are losing USD 14 billion in value.
Trip.com Group’s acquisition of Travix hints at appeal of smaller OTA
05/22/2020|11:50:33 AM|
Trip.com Group may have decided that it was easier to acquire Travix, which has loyal customers in niche segments, than to compete with Travix via its Trip brand.
Major OTA reports 43.6% drop in revenue; China buys into Norwegian Air | Daily Brief
05/21/2020|5:16:44 PM|
Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.
China takes stake in Norwegian Air
05/21/2020|11:17:40 AM|
Upon completion of the conversion, BOC Aviation will hold 389,053,742 shares in NAS, representing 12.67% of the outstanding shares and votes in the Company.
Chinese airlines see significant Q1 losses, mull buying embattled Virgin Australia | Daily Brief
04/20/2020|11:13:25 PM|
Three state-owned Chinese airline giants expect significant losses in the quarter; Beijing reopens 30% of its major tourist sites.
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