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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 outbound travel firm collapses; Beijing quarantines travelers | Daily Brief
03/03/2020|6:34:07 PM|
Japanese cruise line blamed coronavirus for its bankruptcy; Thailand projected 6 million fewer visitors this year.
Corporate travel to take a $560B hit; searches for flights up 138% | Daily Brief
03/02/2020|4:49:38 PM|
China allocated USD 814 million to support project construction in the cultural tourism industry; Singapore Airlines is cutting pay for management staff.
Supersonic aircraft startup Exosonic joins a long race to revive Concorde's dream
02/13/2020|11:38:50 PM|
Developing an aircraft that can pass regulatory scrutiny is complicated enough, but equally challenging is the need to prove to airlines that the model will turn a profit.
F1 Grand Prix postponed, global airlines to lose $4 billion | Daily Brief
02/12/2020|11:06:29 PM|
ICAO forecast a decline in global traffic of 16.4 million passengers, the hotel industry could end up having to deal with the virus impact for the next 12 months.
Infected cases found on cruise ships, 25,000 flights canceled - Virus Updates
02/04/2020|12:43:15 AM|
More than 25,000 flights to, from and within China will be canceled this week; online travel stocks fell as more countries limit travel to and from China.
Expedia comments on suspension of mainland China listings
02/21/2020|12:16:33 PM|
The suspension does not affect existing bookings for mainland China made before the stop-sell measures were implemented.
Russia shuts border, 6,000 passengers held on cruise - Virus Updates
01/30/2020|11:35:03 PM|
Airlines and major hotel chains are waiving cancellation fees, but recouping all the costs associated with trips canceled due to coronavirus fears is far from guaranteed.
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