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Search results for “financial guidance”
Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review
03/14/2020
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10:29:49 AM
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OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
03/28/2020
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9:08:22 PM
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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.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020
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8:19:48 AM
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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.
Booking withdraws first-quarter guidance due to worsening virus impact
03/10/2020
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12:22:33 PM
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The company believes it has "a strong operating model and solid balance sheet" to weather this disruption.
Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief
03/13/2020
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10:12:26 PM
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Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.
US regulator triggered by HNA revamp; OYO’s Chinese rivals merge | Daily Brief
03/12/2020
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12:11:00 AM
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Cathay Pacific expects "substantial" loss in the first half of the year; Tokyo Disney extended shutdown to April.
OTA chief cuts salary; event cancellations cost $1B | Daily Brief
03/11/2020
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12:24:19 AM
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The direct economic loss from the cancellation from nine major tech conferences already surpassed USD 1 billion; A Disneyland Paris maintenance worker tested positive for coronavirus.
Trip.com Group charts course out of virus fog
03/20/2020
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11:12:18 AM
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The company’s clearer outlook is a far cry from peers such as Expedia and Booking Holdings, which have both withdrawn financial guidance, citing the pandemic.
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