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Fosun cuts stake in Booking Holdings; OYO sees recovery in China | Daily Brief
03/26/2020|12:49:33 AM|
The online travel company co-invested by Trip.com Group and Tencent reported over 205 million monthly active users; Hong Kong expects to see “zero visitors” for months.
Back to the future: lessons for the travel sector from China
04/21/2020|10:52:24 AM|
The travel industry may gradually return to normalcy, but the landscape will look quite different.
Most Chinese prefer domestic travel; Airport volume nosedives 91% | Daily Brief
04/14/2020|12:35:49 AM|
Korean Air will reopen select Chinese routes in May; China Eastern will sell inflight meals in supermarkets.
Trustdata: Hotel room nights in China grow to 806 million in 2019
04/10/2020|10:38:40 PM|
Domestic hotel room nights sold through online booking channels increased 26.7% year on year in 2019.
Forward bookings for China domestic air travel show dramatic rebound
03/23/2020|12:08:13 PM|
Weekly bookings for April flights rose by 77% and for June flights jumped 250% week on week, during the week of February 27 to March 5.
OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020|12:27:48 AM|
Hong Kong will buy 500,000 flight tickets from the city’s airlines as part of a stimulus; China's domestic travelers decreased 61.4% during a three-day holiday.
Online leisure travel firm Tuniu posts a 1.8% rise in 2019 net revenues
04/09/2020|11:11:27 PM|
Tuniu expects its net revenues to decline by 65%-75% for the first quarter this year.
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.
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