New York-listed Chinese hotel firm expects revenue to decline by 30%-35% in Q1; Tourist attractions are only allowed to run up to 30% of full capacity.
Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.
Advance purchases may not be just a provisional measure during epidemic but a regular project that will stay.
Domestic hotel room nights sold through online booking channels increased 26.7% year on year in 2019.
Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.
Global mobile payment solution provider Ksher said it has secured millions of US dollars; China’s airlines see only a short-term hit from the coronavirus outbreak.
The Israel-based company is establishing its APAC headquarters in Hong Kong as a gateway to APAC and China.
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.
