Search results for “tourism sector”
China's travel industry bracing for $430 billion losses for 2020
02/14/2020|11:27:31 AM|
Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
China offers airlines subsidies; Finnair considers layoffs | Daily Brief
03/05/2020|10:15:56 PM|
The head of the US Chamber of Commerce said the government will not need to bail out US airlines; Bookings from China to Canadian province declined 70% between March and October.
China issues travel warning, Qunar eyes IPO and more this week
01/10/2020|3:00:31 PM|
Major Chinese airlines canceled direct flights to Iran or re-route other flights to avoid the airspaces of Iran and Iraq; UnionPay has attracted 28.5 million merchants outside of mainland China.
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief
02/27/2020|10:01:43 AM|
Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.
Cultural travel operator Xband Club secures RMB 200 million in series B funding
02/24/2020|6:35:00 PM|
The company announced business suspension 33 days before the new financing was announced. It has adopted a series of major measures to deal with the coronavirus outbreak.
Airbus to restart China plant, OTA reshuffles management | Daily Brief
02/12/2020|1:27:16 AM|
Singapore expects visitor arrivals to drop 25%-30% this year due to the virus, OYO has brought in 8,500 more rooms in China, and more for the day.
Virus dents bookings for IHG; Japan may lose $1.29 billion | Daily Brief
02/18/2020|5:22:24 PM|
Even if the coronavirus outbreak ends quickly, the disruption in the supply chain will affect trade, tourism and confidence.
Annual wrap-up: 12 major travel news events in 2019
12/26/2019|4:42:58 PM|
Buoyed by technological innovations and transformation in consumer demands, the travel sector has soared despite turbulence in the year.
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