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China curbs overseas arrivals; OYO falls short in Japan | Daily Brief
02/26/2020|10:26:24 AM|
Some Chinese cities have begun to restrict arrivals from overseas, signaling that the epidemic’s momentum has shifted outside of China.
Global OTA fires China director; OYO cuts 60% of China staff | Daily Brief
03/04/2020|11:17:56 PM|
Airbnb’s plan for public listing this year is at risk of slipping into 2021; China's ski industry may lose USD 1.1 billion.
Beijing warns against US travel; France sees 30%-40% less visitors | Daily Brief
02/24/2020|8:56:36 PM|
Juneyao Airlines will be indefinitely postponing the launch of new European routes; AI tech firm raised $42 million in funding.
State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief
02/21/2020|11:21:10 PM|
The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
03/28/2020|9:08:22 PM|
Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.
Equity investments play a big part in hotel giant Huazhu's annual profit
03/27/2020|9:43:18 PM|
Same-hotel RevPAR growth has been going down for the past three years.
China accounts for nearly 60% of OYO's annual losses
02/18/2020|2:13:03 PM|
International markets including China contributed to USD 252 million (75%) of the USD 335 million losses for FY2019, while these markets constituted only 36.5% of the global revenues.
Virus makes Olympics difficult; Air France sees €200M impact | Daily Brief
02/21/2020|12:54:32 AM|
Air France-KLM warned of a €150-million to €200-million hit to earnings by April; Asia Pacific airlines could lose $27.8 billion due to outbreak.
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