Search results for “decline”
Chinese arrivals to Australia drop 99.8%; China Southern to raise over $2B | Daily Brief
05/16/2020|10:39:31 AM|
Hotel occupancy in China reached over 40% during May 6-10 as business travel increased; Cathay Pacific flagged a “very bleak” outlook as coronavirus grounded planes globally.
TravelSky adds China Eastern as investor of App; Airbnb China sees recovery | Daily Brief
06/13/2020|11:36:32 AM|
Chinese air traffic is rebounding with each of the biggest three airlines operating around 1,000 more flights per week by the end of May; Cathay Pacific saw a 99.6% drop in passenger traffic in April.
IHG's first-quarter RevPAR drops 65.3% in China
05/07/2020|10:57:40 PM|
Recent weeks have continued to see a moderate improvement in occupancy levels which are running in the mid-20% range, up from a trough of ~5% in mid-February.
OTA titan buys into more startups; US-China aviation evolves | Weekly Review
06/06/2020|10:39:59 PM|
E-commerce platform Pinduoduo added flight booking service; Fliggy, Meituan and Trip.com build membership programs for independent hotels.
Wyndham Hotel merges its China unit into Asia Pacific to cut expenses
05/07/2020|4:06:20 PM|
As of the end of 2019, the company had 154,600 hotel rooms in the Greater China region, but that only contributed 3% of Wyndham's royalties in the year.
China’s passenger number down by nearly 70% in April
05/16/2020|12:24:43 AM|
Total passenger traffic of the month was 16.715 million.
E-commerce giant buys into tour operator; TUI China kicks off holidays | Weekly Review
05/03/2020|12:22:17 PM|
TUI China focuses on short-haul outdoor trips; Around 74.29% of the Chinese hotels and inns have ceased operation during COVID-19.
Amadeus Q1 revenues down, will adapt to remain challenging months
05/13/2020|10:07:47 AM|
Amadeus’ first-quarter revenue came in at 1.02 billion euros, in line with its own estimate of a 25% to 30% drop published in April.
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