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Wyndham eyes exceptional conditions for growth in China
06/22/2021
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3:07:08 PM
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After Wyndham's decision to restructure its team in the APAC region last year, the group is building on its direct franchising in China and also plans to target consumers from lower-tier cities.
HNA-invested tour operator Caissa Tosun plans to acquire Alibaba-backed rival UTour to form a $1.9 billion giant
06/16/2021
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2:20:36 PM
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Alibaba holds a 5% stake in UTour while HNA Group owns more than 21% shares of Caissa Tosun.
Chinese province tightens Covid measures; OTA expects over 300% rise in Q2 revenues | Daily Brief
06/04/2021
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12:24:38 AM
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Regulator works out rules to improve trustworthiness of travel businesses; China’s deepening opening-up to favor global post-pandemic tourism.
Tripadvisor reports a net loss of $80 million and U.S. monthly unique users neared 80% of 2019 levels
05/07/2021
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6:01:17 PM
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Tripadvisor announced a total revenue of $123 million, declined 56% year-over-year, for the first quarter.
Sabre reports a net loss of $266 million for Q1, and will not give guidance at this time
05/05/2021
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5:13:20 PM
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Sabre’s first quarter revenue decreased by 50%, and global bookings were down by 55%.
OTA-invested bank to double customer base; Japan Airlines to consolidate Spring Airlines unit | Daily Brief
04/26/2021
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6:09:55 PM
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Vaccine travel rules widen rift between China and the West; China investigates Meituan for suspected monopolistic practices.
GetYourGuide acquires Versailles tour operator
04/22/2021
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3:04:16 PM
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The acquisition again signals the tide where major OTAs are trying to gain more say over tour supply and customers’ experience as the industry remakes itself.
Air travel patterns to "change" in a reset with a decline in demand and in business travel
04/21/2021
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5:17:51 PM
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Financial woes aside, the pandemic’s longer-term effects on aviation are emerging.
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