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Greater China leads Hyatt recovery; Generation Z brings new engine | Weekly Review
08/08/2020|11:39:08 PM|
Booking Holdings gets a triple return on Meituan investment; Jin Jiang remains Accor's biggest shareholder with a 13% stake.
Fosun Tourism rebrands Thomas Cook as a lifestyle online platform
08/07/2020|10:34:03 PM|
The acquisition and integration of Thomas Cook’s brand assets converge with Fosun Tourism’s strategy of integrating industry operations with strategic investments.
Jin Jiang owns 13% stake in Accor; China’s July air traffic holds up | Daily Brief
08/05/2020|10:46:50 PM|
Amadeus launched Chinese-language chatbot capabilities to serve more travel agents in Asia Pacific; Brunei, China resumed direct flights.
Disney reports 85% decline in Parks, Experiences and Products
08/05/2020|5:24:03 PM|
Bob Chapek, CEO of Disney, remained confident that the company "should be in good shape once consumer confidence sort of returns".
US rejects adding more Chinese flights; Greater China leads Hyatt's recovery | Daily Brief
08/05/2020|1:13:10 AM|
Hotel investment in Asia plunged 45% in the first half of this year; Indonesia to set up travel corridors with China and UAE.
Major Chinese airlines report drop in profits due to currency depreciation and rising costs
10/31/2018|3:43:52 PM|
China Eastern Airlines reported a 38% drop in net profit for in the third quarter. Hainan Airlines saw a 90% year-on-year tumble in operating profit to $33.5 million.
Generation Z consumers present new growth engine for travel brands
08/02/2020|6:36:32 PM|
Some 10% of them make travel reservations on e-commerce platform Taobao, video-sharing app TikTok and lifestyle sharing platform Xiaohongshu.
Amadeus revenue contracted 54.7% in first half of 2020
07/31/2020|6:25:59 PM|
Travel agency bookings fell by 78.6% to 65.9 million.
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