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Search results for “layoffs”
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
03/21/2020
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5:38:25 PM
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Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.
BA and Marriott get GDPR fine reprieve
04/09/2020
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6:41:47 PM
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The hundreds of millions in penalty payments could drive additional layoffs at BA and Marriott, that will not benefit anyone.
How Marriott plans to manage a 45% drop in hotel occupancy rates
03/26/2020
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7:01:39 PM
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The chain is seeing occupancy rates in North America at under 25%, down from about 70% last year
OTA giant sees revenue falling by half; Foreign arrivals to Japan plunge 58% | Daily Brief
03/19/2020
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10:52:49 PM
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Trip.com Group expects net revenue to decrease by 45%-50% in the first quarter; Four-fifths of flight capacity between China and the rest of the world has been cut back.
Franchise hotel chain Qingzhu secures tens of millions of dollars
03/19/2020
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2:28:16 PM
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The platform has over 3,000 hotels, mainly in provincial capitals, available for booking.
OYO’s China collapse threatens Vision Fund returns
03/18/2020
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5:54:10 PM
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Despite being a glorified real estate company, OYO is a consumer internet company.
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.
Global OTA fires China director; OYO cuts 60% of China staff | Daily Brief
03/04/2020
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11:17:56 PM
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Airbnb’s plan for public listing this year is at risk of slipping into 2021; China's ski industry may lose USD 1.1 billion.
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