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Foreign aircrew refuse to fly to Hong Kong, Ads & social media key to restarting travel | Daily Brief
07/11/2020|12:06:00 PM|
Airbnb reported over 20% rise in active listings in China; Hong Kong Airlines defered $24 million in interest payments on bond.
China's travel industry bracing for $430 billion losses for 2020
02/14/2020|11:27:31 AM|
Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
Trip.com Group net revenue drops 42% in Q1, accommodation down by 62%
05/29/2020|6:49:31 AM|
The company expects net revenue to decrease by 67% to 77% year-over-year for the second quarter.
Fosun-invested customized travel agency Shijiebang goes under
06/15/2020|10:30:19 PM|
The pandemic is just a catalyst for the collapse of Shijiebang.
OYO China announces the resignation of its Chinese CFO
07/08/2020|12:15:31 AM|
Mr. Li has decided to move on from the company "to pursue other professional opportunities".
Meituan records 45.5% less room nights amid pandemic impact
05/25/2020|10:25:18 PM|
Revenues from in-store, hotel & travel were RMB 3.09 billion (USD 434 million) in the first quarter, 31.1% less than last year.
Japan to ease travel curbs for China; Canada updates Hong Kong advisory | Daily Brief
07/02/2020|6:45:06 AM|
Around 90% of staff at Cathay Pacific agreed to take unpaid leave in a second round of cost-saving measures; Chinese hotel chain Huazhu recorded a 15.7% drop in Q1 net revenue.
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief
02/27/2020|10:01:43 AM|
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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