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OYO’s Chinese rivals merge amid coronavirus outbreak
03/11/2020|10:09:44 AM|
The IDG Capital-invested H Hotel has signed up a total of 2,500 hotels as of 2019, while Huazhu’s Elan Hotel has contracted over 600 properties.
European tourism sector calls for solidarity and support to China
03/10/2020|3:22:01 PM|
The European Tourism Manifesto alliance pledged solidarity and support to China and the Chinese people amid the virus outbreak.
Booking withdraws first-quarter guidance due to worsening virus impact
03/10/2020|12:22:33 PM|
The company believes it has "a strong operating model and solid balance sheet" to weather this disruption.
Supersonic aircraft startup Exosonic joins a long race to revive Concorde's dream
02/13/2020|11:38:50 PM|
Developing an aircraft that can pass regulatory scrutiny is complicated enough, but equally challenging is the need to prove to airlines that the model will turn a profit.
China considers airlines bailout; OYO fights to keep hotels open | Daily Brief
02/19/2020|12:07:04 AM|
Malaysia looks to locals and non-Chinese visitors in fulfilling tourist-arrivals target; China plans to take over indebted conglomerate HNA Group and sell off its core airline assets.
Expedia suspends China listings, Europe projects 7%-25% impact | Daily Brief
02/18/2020|1:25:40 AM|
Europe anticipates seeing 7%-25% less Chinese visitor arrivals this year due to virus impact, OYO's annual loss has widened sixfold, and more for the day.
Fliggy launches live channel; Russia takes $400M hit | Daily Brief
03/06/2020|9:48:42 PM|
Japan will quarantine people arriving from South Korea and China for two weeks; the global aviation industry could lose USD 63-113 billion in revenue.
ITB Berlin canceled; indebted airline group seeks help | Weekly Review
02/29/2020|6:06:54 PM|
The ITB Berlin 2020 is officially canceled; Expedia starts global lay-offs this week in Asia offices.
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