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China issues $1.87 billion special bonds to support major tourism projects
05/12/2020|9:56:50 AM|
As of the end of March, 23 local governments in the nation had issued special bonds, raising a total of RMB 13.259 billion (USD 1.87 billion) in support of the cultural and tourism sectors.
Expedia names new CEO, raising $3.2 billion amid COVID-19
04/23/2020|11:03:23 PM|
Preliminary results show that room nights dropped by 12%-17% to 67-71 million in the first quarter and gross bookings were down by 38%-43% at USD 17.1-18.5 billion.
Chinese airlines see significant Q1 losses, mull buying embattled Virgin Australia | Daily Brief
04/20/2020|11:13:25 PM|
Three state-owned Chinese airline giants expect significant losses in the quarter; Beijing reopens 30% of its major tourist sites.
Online leisure travel firm Tuniu reports a 61.9% revenue decrease in Q1
06/10/2020|9:04:47 PM|
The company expects its second-quarter net revenues to drop by 86% to 96%.
Tuniu appoints financial controller; Chinese airlines on track for recovery | Daily Brief
05/30/2020|2:37:22 PM|
Trip.com Group posted a 62% drop in accommodation and a 29% decrease in transportation; Global travel disruptions are the top concern for American businesses in China.
Skyscanner to change CEO; Singapore-China to open essential travel corridor | Daily Brief
06/01/2020|11:28:16 PM|
Major Chinese airlines have issued an unprecedented USD 12.7 billion worth of short-term notes since January; Chinese airlines operated more flights than US counterparts in May.
Top Chinese carriers confident of their FFP members staying loyal
06/04/2020|9:08:15 AM|
Chinese carriers not only took initiatives to assure their loyalty program members about the utility of loyalty currency and membership benefits, but they also paved way for smaller non-air redemptions to subsidize member's shopping for essentials during the coronavirus crisis.
Klook buys car rental firm; Chinese airlines confident of ‘triumph’ | Daily Brief
04/02/2020|11:56:53 PM|
Global mobile payment solution provider Ksher said it has secured millions of US dollars; China’s airlines see only a short-term hit from the coronavirus outbreak.
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