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OTA buys a stake in airport app; E-commerce site adds flight booking service | Daily Brief
06/02/2020
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11:30:38 PM
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EU chamber urged China to cut subsidies to inefficient airlines; Marriott hotels' occupancy rate in China rose to 40%.
Tuniu appoints financial controller; Chinese airlines on track for recovery | Daily Brief
05/30/2020
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2:37:22 PM
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Trip.com Group posted a 62% drop in accommodation and a 29% decrease in transportation; Global travel disruptions are the top concern for American businesses in China.
Trip.com Group net revenue drops 42% in Q1, accommodation down by 62%
05/29/2020
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6:49:31 AM
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The company expects net revenue to decrease by 67% to 77% year-over-year for the second quarter.
Shares issue and new banking facility boosts On The Beach’s liquidity by £120 million
05/27/2020
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1:51:51 PM
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A total of 26,143,500 ordinary shares in the OTA have been placed at a price of 257.5p per share representing almost 20% of the company’s existing issued share capital.
Trip.com investor ups Meituan stake; Hilton's China occupancy rises | Daily Brief
04/17/2020
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10:34:10 PM
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China's airline IT service giant TravelSky injects USD 141 million into a 5G-focused investment fund; Carnival said China might be among the first areas where cruise lines start sailing again.
Trivago reports a net loss of €214M in Q1 of 2020
05/19/2020
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3:00:45 PM
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Trivago observed a sharp decline in Referral Revenue, decreasing 33% YoY.
Serbia pins hopes of post-coronavirus tourism revival on Chinese
05/15/2020
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3:53:17 PM
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Chinese tourists made up about 10% of foreign tourists in 2019, a fivefold increase from 2018 after the two countries reached an agreement on visa-free entry.
China clears way to restart MICE events; Livestreams to boost tourism | Daily Brief
05/12/2020
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1:24:14 AM
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Shanghai Disneyland sold out of tickets for its May 11 reopening within minutes; Travel short video service provider raises millions of yuan.
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