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Search results for “price-cutting”
Hotel alliances: make or break for mid-regional hotels chains?
05/19/2016
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9:38:11 AM
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Whether joining alliances can help all hotels? Are hotels in a position against OTA or they can co-exist with each other? Five executives gathered at ChinaTravelNews’ panel during the Hotel and Marketing Conference to discuss the matter yesterday.
CAR Inc. shows adeptness in multi-faceted auto mobility operations
05/20/2016
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9:37:39 AM
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Maintaining that the group is more than just a car rental company, CAR Inc. is making strong moves to strengthen its position as a top-notch auto mobility provider in China.
Virgin Australia sells stake to China's HNA Aviation
05/31/2016
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11:30:53 AM
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China's largest private airline operator will buy a 13% of Virgin Australia in a deal the Australian airline says will help it capitalise on the growing Chinese travel market.
Analysis: Hotels bite back in battle with Online Travel Agencies
04/27/2016
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6:36:44 PM
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Since hotel chains are baulking at the commissions the OTAs charge them – typically ranging from 15% to 30% depending on room type and location - and fear that their expensively established brands are being devalued by the OTAs’ price-orientated approach, they have tried to offer discount rates to their loyalty project members to improve direct booking.
Hotels and OTAs race to revamp their loyalty programs to boost bookings
04/07/2016
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7:38:51 PM
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Loyalty programs had been a somewhat neglected weapon in the marketing arsenals of both hotels and online travel agencies until recent months and major hotel chains have been adjusting their loyalty strategies to support the campaigns.
Dominant airlines in China take USD 2.5 billion currency hit
03/31/2016
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2:00:13 PM
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China's three major state-owned airlines combined suffered about USD 2.5 billion in foreign-exchange losses last year after the country unexpectedly devalued the RMB in August, squeezing passenger yields and limiting profit gains from cheap oil.
Chinese airlines skirting fuel hedge profit from oil price plunge
03/23/2016
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11:06:03 AM
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Three top airlines in China will report at least 70% net income surge next week while many Asian carriers reported losses from jet fuel hedging in 2015.
HNA agrees to buy Swiss airline caterer Gategroup for $1.5 billion
04/11/2016
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8:24:45 AM
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HNA makes all-cash offer for Swiss caterer at a 20% premium, after offer is accepted, Chinese conglomerate plans to delist Gategroup
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