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China data portend tough times for US hotels; Cathay cuts 96% flights | Daily Brief

Major Chinese airlines registered over 30-percentage-point declines in load factor; Fosun Tourism's China operation slowly recovers.

03/20/2020|11:40:36 PM|ChinaTravelNews

OTA giant sees revenue falling by half; Foreign arrivals to Japan plunge 58% | Daily Brief

Trip.com Group expects net revenue to decrease by 45%-50% in the first quarter; Four-fifths of flight capacity between China and the rest of the world has been cut back.

03/19/2020|10:52:49 PM|ChinaTravelNews

Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief

The world's largest hotel chain has started furloughing tens of thousands of employees; Cathay Pacific will sell six of its Boeing 777-300ER planes to BOC Aviation.

03/19/2020|1:03:31 AM|ChinaTravelNews

Beijing quarantines inbound travelers; airlines face bankruptcy | Daily Brief

Chinese airlines including Air China and China Southern are to reduce international flights in response to the coronavirus pandemic; CAPA said most global airlines will be bankrupt by the end of May.

03/18/2020|12:45:03 AM|ChinaTravelNews

Asia is restricting visitors; Agoda offers long-term stays | Daily Brief

Trip.com Group-backed hotel firm reported virus impact of RMB 20.77 million in 38 days; Scandinavian airline SAS will temporarily lay off 10,000 employees, or 90% of its workforce.

03/16/2020|11:21:21 PM|ChinaTravelNews

Expedia rescinds 2020 guidance; Airbnb widens losses | Weekly Review

OYO undergoes massive downsizing in China, while its local rivals merged amid the virus outbreak; Shanghai Disney reopened some shopping, dining and entertainment options.

03/14/2020|10:29:49 AM|ChinaTravelNews

Airbnb loses $276M in Q4; Trip.com taps into virtual banking | Daily Brief

Expedia is withdrawing its adjusted EBITDA guidance due to growing virus impact; Global hotel transaction volumes in 2019 reached USD 66 billion last year.

03/13/2020|10:12:26 PM|ChinaTravelNews

China's air passengers fall 84.5%; business travel to lose $820B | Daily Brief

Airbnb could face a bill of up to €200 million after a court ruled it was not entitled to claim booking fees from its Dutch customers; Traffic at European airports could fall by 187 million.

03/12/2020|11:16:53 PM|ChinaTravelNews
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