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Hotel bookings through global distributors and suppliers down 80% in early April
04/23/2020|11:27:14 AM|
STR projects that China hotels will recover to only 90% of 2019’s level of occupancy, ADR and RevPAR by 2021.
Hilton Q1 RevPAR declined 22.6%, full recovery years to come
05/09/2020|11:37:00 AM|
In China, occupancy as of May 4 was approximately 40 percent, up from about 9 percent in early February.
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.
Chinese hotel giant Huazhu offloads partial stake in Accor last year
04/25/2020|8:22:54 PM|
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.
Accor RevPAR falls 67.7% in China; Flights show recovery signs since March | Daily Brief
04/24/2020|12:43:36 AM|
Some 3,770 tourist attractions in China have resumed operation and launched online booking access.
Asian aviation rebounds slowly after a 47% decline in scheduled seats
04/23/2020|3:12:44 PM|
The actual number of flights on China’s domestic routes have recovered slightly since the beginning of March.
Back to the future: lessons for the travel sector from China
04/21/2020|10:52:24 AM|
The travel industry may gradually return to normalcy, but the landscape will look quite different.
Trip.com investor ups Meituan stake; Hilton's China occupancy rises | Daily Brief
04/17/2020|10:34:10 PM|
China's airline IT service giant TravelSky injects USD 141 million into a 5G-focused investment fund; Carnival said China might be among the first areas where cruise lines start sailing again.
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