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OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020|12:27:48 AM|
Hong Kong will buy 500,000 flight tickets from the city’s airlines as part of a stimulus; China's domestic travelers decreased 61.4% during a three-day holiday.
TUI China kicks off curated domestic trips for local holiday-makers
04/27/2020|1:48:23 PM|
Dr. Guido Brettschneider believes that people in China and around the world will never stop dreaming and will want to travel again soon.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020|8:19:48 AM|
Huazhu is expected to close 350-450 hotels, including planned closure of 300-350 hotels and special closure of 50-100 hotels impacted by COVID-19.
Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief
03/31/2020|11:25:59 PM|
Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
03/28/2020|9:08:22 PM|
Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.
Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief
03/19/2020|1:03:31 AM|
The world's largest hotel chain has started furloughing tens of thousands of employees; Cathay Pacific will sell six of its Boeing 777-300ER planes to BOC Aviation.
OTA titan's CEO confirms COVID-19 infection
04/02/2020|5:25:11 PM|
Glenn Fogel tested positive of coronavirus, but he continued to serve as Booking Holdings' CEO as he has not shown any symptoms since March 28.
Travel e-commerce portal Ksher plans more fundraising this year after recent round
04/02/2020|3:08:01 PM|
Ksher has expanded to 13 countries and increased its annual turnover from USD 1 million to USD 1 billion.
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