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China considers airlines bailout; OYO fights to keep hotels open | Daily Brief
02/19/2020
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12:07:04 AM
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Malaysia looks to locals and non-Chinese visitors in fulfilling tourist-arrivals target; China plans to take over indebted conglomerate HNA Group and sell off its core airline assets.
F1 Shanghai race at risk, Indonesia could lose $4 billion - Virus Updates
02/07/2020
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12:16:07 AM
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Formula One's Shanghai Grand Prix is in jeopardy amid growing fears over the coronavirus; Tokyo Olympic organizers worried the virus outbreak could "pour cold water" on the upcoming games.
China offers airlines subsidies; Finnair considers layoffs | Daily Brief
03/05/2020
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10:15:56 PM
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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.
Corporate travel to take a $560B hit; searches for flights up 138% | Daily Brief
03/02/2020
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4:49:38 PM
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China allocated USD 814 million to support project construction in the cultural tourism industry; Singapore Airlines is cutting pay for management staff.
Disney names new CEO; Trip.com Group firm changes chief | Daily Brief
02/26/2020
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10:08:38 PM
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Asia-Pacific destinations continue to report a hotel occupancy impact amid the outbreak; China Eastern launched a fresh carrier.
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.
Billion-dollar trade events hit, luxury brands suffer - Virus Updates
02/08/2020
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12:16:43 AM
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At least 61 people onboard a cruise ship off Japan have tested positive for the coronavirus; Hong Kong Airlines will cut 10% of its workforce.
Singapore Airlines CEO, management take pay cuts
06/24/2009
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10:05:07 AM
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Singapore - The CEO of Singapore Airlines, the world's biggest by market value, will take a 20 percent pay cut as the carrier looks to cut costs after seeing profits battered by weak travel demand and volatile oil prices.
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