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Search results for “travel loans”
State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief
02/21/2020
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11:21:10 PM
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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.
IHG sees occupancy rise in Greater China; Chinese airlines have lost $3.1B | Daily Brief
03/24/2020
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11:09:30 PM
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The gradual resumption of business in China has not helped domestic airlines make ends meet; Tokyo Olympics is postponed to 2021.
Fosun Tourism raises $988M; Forward bookings in China show dramatic rebound | Daily Brief
03/23/2020
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11:34:25 PM
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Chinese tourist arrivals to Japan dropped 87.9% in February; Hainan government announced a USD 21.2 million rejuvenation plan for the island’s beleaguered tourism industry with duty free shopping at the heart.
Trip.com seeks $1.2 billion loan in funding test amid outbreak
02/13/2020
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5:54:58 PM
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The loan comes amid challenges to its business following the coronavirus that has claimed over 1,300 lives.
OTA seeks $1.2 billion loan, tourism slowdown spreads in Asia | Daily Brief
02/15/2020
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12:54:56 AM
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Travel advisers projected 10%-15% off in the $45.6 billion global cruise industry, major Chinese park operator warned of epidemic impact on $320 million asset-backed notes.
Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief
03/19/2020
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1:03:31 AM
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The world's largest hotel chain has started furloughing tens of thousands of employees; Cathay Pacific will sell six of its Boeing 777-300ER planes to BOC Aviation.
U.S. airlines seek $50 billion government bailout after coronavirus outbreak
03/17/2020
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6:35:40 PM
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The amount will far exceed the bailout that airlines got after the terror attacks of September 2001.
OTA chief cuts salary; event cancellations cost $1B | Daily Brief
03/11/2020
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12:24:19 AM
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The direct economic loss from the cancellation from nine major tech conferences already surpassed USD 1 billion; A Disneyland Paris maintenance worker tested positive for coronavirus.
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