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Airbnb asked to drop ties to Beijing Winter Olympics; OTA sees "robust recovery trend" | Daily Brief
03/23/2021|9:07:55 PM|
Autonomous vehicle tech firm Momenta raises $500M; Guangdong removes 7-day home quarantine for inbound arrivals.
HNA-Caissa Tourism shareholders transfer a 1.66% stake to state-owned enterprise
02/21/2020|10:32:22 AM|
Caissa Tourism reported revenue decline of 14.2% in the first three quarters of 2019, to RMB5.95 billion.
Luxury resort brand enters China market; Airline offers 10,000km flight product | Daily Brief
04/12/2021|6:35:16 PM|
China’s tourism to rake in $195 billion in first half of 2021; Macao expected to be "dark horse" in the coming May holidays.
State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief
02/21/2020|11:21:10 PM|
The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
DidaTravel raises funding from Alibaba, accelerates digitalization and globalization
04/07/2021|7:55:03 AM|
The company said it managed to significantly reduce the pandemic impacts on business and ensure steady development.
Hotel membership operator OTM secures RMB 40 million in an angel round
03/16/2021|5:20:49 PM|
OTM has established cooperation with more than 500 hotels since December 2020.
Global theme park brands accelerate expansion; China plans "1-2-3 Travel Circle" | Daily Brief
03/15/2021|11:28:56 PM|
TravelSky projects annual net profit of more than $60 million; China to ease domestic travel restrictions, allowing train travel without COVID-19 test report.
OTA seeks $1.2 billion loan, tourism slowdown spreads in Asia | Daily Brief
02/15/2020|12:54:56 AM|
Travel advisers projected 10%-15% off in the $45.6 billion global cruise industry, major Chinese park operator warned of epidemic impact on $320 million asset-backed notes.
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