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TikTok challenges Ctrip, Meituan; Skyscanner offers free ad slots | Daily Brief
07/30/2020|12:23:21 AM|
A study finds that China's outbound tourism will recover in 6-12 months; Japan, China agree to work toward resuming travel.
Wyndham Hotels reports a 50% drop in second-quarter revenue
07/29/2020|2:28:13 PM|
Global comparable RevPAR declined 54% year-over-year.
US rejects adding more Chinese flights; Greater China leads Hyatt's recovery | Daily Brief
08/05/2020|1:13:10 AM|
Hotel investment in Asia plunged 45% in the first half of this year; Indonesia to set up travel corridors with China and UAE.
Greater China continues to lead Hyatt Hotels' recovery
08/04/2020|6:31:08 PM|
RevPAR in Greater China has shown continued improvement since May, with preliminary estimates indicating occupancy reaching 57% at the end of July.
Meituan reports 8.9% rise in revenue, 17% decline in hotel room nights
08/22/2020|11:10:23 AM|
Hotel business continued to be significantly affected by the pandemic, with the number of domestic room nights consumed in the second quarter decreasing by 17% to 78 million.
Daily flights in China rebound to 80%; Beijing airport to lose $100M in half year | Daily Brief
07/27/2020|10:36:51 PM|
Fosun warns investors of 76% slide in earnings as coronavirus ravages tourism business; Alibaba's credit scoring unit Zhima Credit launched a credit-based accommodation booking service.
Trip.com Group gets US regulatory approval for its Tripadvisor investment
07/21/2020|11:07:35 PM|
The Chinese online travel group now owns a 5.2% stake in Tripadvisor for USD 153.9 million.
Discount pricing + digital tools drive domestic travel transactions in China
07/23/2020|6:04:56 PM|
Chinese online platforms are focusing on digital tools, especially live-streaming, to revive spending. The plan is to drive domestic travel sales volume through discounts, a tactic being described as a short-term phenomenon.
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