Search results for “hotel rate”
China data portend tough times for US hotels; Cathay cuts 96% flights | Daily Brief
Major Chinese airlines registered over 30-percentage-point declines in load factor; Fosun Tourism's China operation slowly recovers.
From sleepless in Singapore to $70 million for cut-rate hotels
RedDoorz CEO Saberwal wants to build a company with a valuation of $1 billion by next year, possibly $5 billion in two to three years, by which time he hopes to take RedDoorz public.
Chinese star-rated hotels generate 52.58 billion yuan in Q4 2018
In Q4 2018, the ARR of China’s star-rated hotels was 356.34 yuan per room night, up by 1.17%; the AOR was 57.43%, down by 0.50% and RevPAR was 204.63 yuan, up by 0.66%.
ITB Berlin canceled; indebted airline group seeks help | Weekly Review
The ITB Berlin 2020 is officially canceled; Expedia starts global lay-offs this week in Asia offices.
Chinese outbound travel firm collapses; Beijing quarantines travelers | Daily Brief
Japanese cruise line blamed coronavirus for its bankruptcy; Thailand projected 6 million fewer visitors this year.
Hotel markets throughout Asia Pacific show coronavirus impact
Macau saw the steepest occupancy decline (-97%), falling from absolute level of 96% to just 3% between 6 January and 16 February.
Marriot's RevPAR in Greater China drops 90% in February
Marriott estimates to earn $25 million less in monthly fee revenue, compared to its 2020 base-case outlook.
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief
Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.
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