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China Southern’s net profit drops 10.5% while China Eastern's rose 18.8% in 2019
04/01/2020|4:48:59 PM|
China Southern Airlines handled 152 million passengers last year, ranking first among China’s airlines for 41 consecutive years.
Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief
03/31/2020|11:25:59 PM|
Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.
Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief
03/31/2020|12:09:00 AM|
State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.
Online tour guide provider Lvji generates 96.4% revenue through OTAs
03/30/2020|10:30:04 PM|
The sale through Lvji's own APP contributed less than 1% of the company's total revenue.
Jin Jiang Hotels generates $2.1 billion in operating revenue in 2019
03/30/2020|9:39:12 PM|
Jin Jiang Hotels recently entered into the buyout agreement of guest rooms and related services with Jin Jiang International.
Tencent-invested Meituan registers 110 million room nights in Q4
03/30/2020|6:29:26 PM|
Meituan estimates negative year-over-year revenues growth and operating loss for the first quarter of 2020 due to the pandemic.
TravelSky grows aviation IT revenues by 8.6% in 2019
03/30/2020|2:45:53 PM|
System integration service revenue rose 23.3% to RMB 1,168.0 million for 2019, accounting for 14.4% of the company’s total revenue in the year.
Virus may cost 75M travel jobs; Forward bookings show dramatic rebound | Weekly Review
03/28/2020|9:54:45 PM|
Hotel giant leverages equity investments to grow profit significantly last year; Chinese visitors to Japan plunge 87.9% in February.
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