Search results for “loan”
With millions unemployed, hotel industry lobbies to spend stimulus on other needs
04/20/2020|1:46:48 PM|
The stimulus package requires hotel owners to rehire their staff by the end of June, but many owners say they have little idea when the business will return.
Hundreds of hotels in Wuhan call for financial aid after providing free rooms for medical workers
04/16/2020|3:18:28 PM|
These hotels have collectively provided 200,000 nights of free stays for healthcare workers, valued in total at more than $2.83 million.
Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief
04/03/2020|11:02:25 PM|
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.
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.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020|8:19:48 AM|
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.
IHG sees occupancy rise in Greater China; Chinese airlines have lost $3.1B | Daily Brief
03/24/2020|11:09:30 PM|
The gradual resumption of business in China has not helped domestic airlines make ends meet; Tokyo Olympics is postponed to 2021.
Fosun Tourism raises $988M; Forward bookings in China show dramatic rebound | Daily Brief
03/23/2020|11:34:25 PM|
Chinese tourist arrivals to Japan dropped 87.9% in February; Hainan government announced a USD 21.2 million rejuvenation plan for the island’s beleaguered tourism industry with duty free shopping at the heart.
Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief
03/19/2020|1:03:31 AM|
The world's largest hotel chain has started furloughing tens of thousands of employees; Cathay Pacific will sell six of its Boeing 777-300ER planes to BOC Aviation.
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Chinese airline brands ranked among global top 10; First Hong Kong tour group to Europe sets off | Daily Brief

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Foreign travelers may use digital currency; China bans more gambling destinations | Daily Brief

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Nanjing airport cancels 80% of flights as workers test positive for Covid

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Central China swamped after heavy rain; IOC said Beijing 2022 will need spectators | Daily Brief

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OTA trims stake in major hotel chain; Club Med further taps middle class | Daily Brief

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