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Search results for “reorganization”
Creditors filed petition for HNA bankruptcy; Sands to invest $10 billion in Macau | Daily Brief
01/29/2021
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11:45:51 PM
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Chinese travel companies raise $5.6 billion last year; China rejects BN(O) passport as travel document.
Chinese conglomerate HNA says creditors filed petition for its bankruptcy
01/29/2021
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11:39:03 PM
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The group was once one of China’s most acquisitive companies but had the equivalent of roughly $76 billion in total short-term borrowings and long-term debt at the end of June 2019.
Barry Diller’s IAC takes USD 1 billion stake in MGM resorts with eye on online gaming
08/12/2020
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1:47:07 PM
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IAC believes MGM presented a ‘once in a decade’ opportunity for it.
Hilton’s revenue plunges 77% in Q2 but sees growth opportunities in China
08/06/2020
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11:39:32 PM
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In Asia-Pacific, performance is largely driven by rebounds in both leisure and business transient travel in China, where occupancy is more than 60%.
IHG Greater China CEO: Covid-19 drives more independent hotels to join chains
07/09/2020
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10:41:56 AM
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As of March 31, IHG has opened 475 hotels in Greater China, three quarters of which are located in second- or lower-tier cities.
Wyndham Hotel merges its China unit into Asia Pacific to cut expenses
05/07/2020
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4:06:20 PM
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As of the end of 2019, the company had 154,600 hotel rooms in the Greater China region, but that only contributed 3% of Wyndham's royalties in the year.
Booking.com, Trip.com to drop lowest-rate terms on Korea's regulatory demand
06/03/2020
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3:50:35 PM
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In the corrective measures presented to the FTC, they offered to delete the "lowest guarantee" clauses in their contracts with lodging companies.
Caissa Travel suspends purchase of Tuniu shares from JD.com
06/01/2020
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10:01:08 AM
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If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.
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