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OTA giant invests in PMS provider; payment startup raises $160M | Daily Brief
04/16/2020
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6:24:56 PM
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Hundreds of hotels in Wuhan call for government aid after voluntarily providing free rooms to medical workers battling coronavirus; Cathay Pacific carried 90% fewer passengers in March.
May holiday flight sales plummets; Tuniu completes most travel refunds | Daily Brief
04/25/2020
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11:54:59 AM
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Hong Kong's daily visitor arrivals declined to less than 100 persons in early April; Shanghai Disney is testing parade and more for reopening.
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
03/28/2020
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9:08:22 PM
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Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.
Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief
03/31/2020
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12:09:00 AM
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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.
US regulator triggered by HNA revamp; OYO’s Chinese rivals merge | Daily Brief
03/12/2020
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12:11:00 AM
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Cathay Pacific expects "substantial" loss in the first half of the year; Tokyo Disney extended shutdown to April.
Virus makes Olympics difficult; Air France sees €200M impact | Daily Brief
02/21/2020
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12:54:32 AM
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Air France-KLM warned of a €150-million to €200-million hit to earnings by April; Asia Pacific airlines could lose $27.8 billion due to outbreak.
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.
Airbnb freezes check-ins, Chinese travel demand drops 40% - Virus Updates
02/10/2020
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6:41:37 PM
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The spread of the coronavirus has raised concerns over the prospects of Asia's most popular destinations including Thailand, Japan and South Korea.
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