Customers are moving towards self-service options, with 55% of the respondents preferring to hear about travel disruption via digital communications rather than on the phone.
OYO is firing thousands of staff across China and India; Six Flags is struggling with its planned parks in China and might scrap plans to complete them.
Several of China's major tour agencies would restart selling five to six tour packages to South Korea, according to a Nomura note.
Fear of global outbreak grows as millions travel abroad for upcoming holidays.
Sino-US trade frictions did not affect the variation of China’s tourist arrivals from the US, which grew 7.4% in 2018, 4.6 percentage points higher than that in 2017.
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.
Ctrip has about $700 million worth of convertible bonds due in July. Its shares are trading at about $33.50, 38% below the agreed convertible price of $54, according to data compiled by Bloomberg.
Buoyed by technological innovations and transformation in consumer demands, the travel sector has soared despite turbulence in the year.
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