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Search results for “furlough”
OTA denies mass layoffs; Klook lets go of hundreds | Daily Brief
04/21/2020
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11:04:52 PM
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Tongcheng Group will merge Hongtu Airlines, Tongcheng International Travel Service and Tongcheng Travel into a new company called Tongcheng Aviation & Travel; China's airline market could see further consolidation.
Klook lets go of hundreds as travel lockdown hits business
04/21/2020
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2:58:51 PM
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The news will likely accelerate speculation of a merger with GetYourGuide, a leading OTA in Europe that also has Softbank as an investor.
Booking Holdings applies for European relief with substantial layoffs possible
04/17/2020
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4:47:22 PM
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Expedia Group chairman Barry Diller said the recovery in the travel industry would probably happen in September and later.
Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief
04/03/2020
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11:02:25 PM
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An investment firm indirectly associated with Trip.com Group wants to privatize online classifieds marketplace 58.com; OYO's CEO will forego his salary for the rest of the year.
Wyndham Hotel merges its China unit into Asia Pacific to cut expenses
05/07/2020
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4:06:20 PM
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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.
OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020
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12:27:48 AM
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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.
Behind GetYourGuide's strategy of zero bookings and zero layoffs
05/02/2020
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9:49:48 AM
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With the support of local government, they are making joint efforts with suppliers to survive.
Trip.com investor ups Meituan stake; Hilton's China occupancy rises | Daily Brief
04/17/2020
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10:34:10 PM
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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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