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Trip.com Group buys OTA Travix; Tuniu receives Nasdaq compliance warning | Daily Brief
05/23/2020
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11:46:32 AM
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The hotel sector is heavily impacted by COVID-19 and brands could lose up to USD 14 billion of cumulative brand value; China dismisses suspending applications for private passports as a rumor.
China to list more key villages to promote rural tourism
05/22/2020
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1:55:49 PM
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An increasing number of Chinese travelers have opted for rural destinations to get closer to nature and experience a slow-paced lifestyle instead of urban sightseeing tours.
OTAs vow to drop rate parity; Travel recovery to peak after September | Weekly Review
05/16/2020
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10:49:34 AM
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IHG starts flagship store on Trip.com Group; 70% of OYO hotels in China are now back to business.
Ctrip launches IHG flagship store, 70% of OYO China hotels reopened | Daily Brief
05/15/2020
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7:36:48 AM
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Chinese carriers are likely to see a full recovery by 2021; Beijing is mulling to cut red tape and fast-track cross-border checks with Taiwan, Hong Kong, Macao and South Korea.
Tencent-invested Meituan registers 110 million room nights in Q4
03/30/2020
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6:29:26 PM
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Meituan estimates negative year-over-year revenues growth and operating loss for the first quarter of 2020 due to the pandemic.
Chinese hotel giant Huazhu offloads partial stake in Accor last year
04/25/2020
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8:22:54 PM
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Same-hotel RevPAR growth continued to slow down in 2018-2019, reflecting oversupply in hotel market and intensified competition in greater accommodation industry with alternative lodging.
US regulator triggered by HNA revamp; OYO’s Chinese rivals merge | Daily Brief
03/12/2020
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12:11:00 AM
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Cathay Pacific expects "substantial" loss in the first half of the year; Tokyo Disney extended shutdown to April.
Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review
04/04/2020
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10:14:48 PM
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Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.
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