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Tencent-backed OTA reports a 43.6% drop in Q1 revenue

Net revenue is expected to decrease by 24% to 29% for the second quarter this year.

05/21/2020|5:34:42 PM|ChinaTravelNews

Amadeus Q1 revenues down, will adapt to remain challenging months

Amadeus’ first-quarter revenue came in at 1.02 billion euros, in line with its own estimate of a 25% to 30% drop published in April.

05/13/2020|10:07:47 AM|ChinaTravelNews

Hilton Q1 RevPAR declined 22.6%, full recovery years to come

In China, occupancy as of May 4 was approximately 40 percent, up from about 9 percent in early February.

05/09/2020|11:37:00 AM|ChinaTravelNews

Booking Holdings loses over $100 million in Trip.com equity sales

The company reported a net loss of USD 699 million in the first quarter.

05/08/2020|7:39:44 AM|ChinaTravelNews

Expedia names new CEO, raising $3.2 billion amid COVID-19

Preliminary results show that room nights dropped by 12%-17% to 67-71 million in the first quarter and gross bookings were down by 38%-43% at USD 17.1-18.5 billion.

04/23/2020|11:03:23 PM|ChinaTravelNews

OTA titan's CEO confirms COVID-19 infection

Glenn Fogel tested positive of coronavirus, but he continued to serve as Booking Holdings' CEO as he has not shown any symptoms since March 28.

04/02/2020|5:25:11 PM|ChinaTravelNews

Booking withdraws first-quarter guidance due to worsening virus impact

The company believes it has "a strong operating model and solid balance sheet" to weather this disruption.

03/10/2020|12:22:33 PM|ChinaTravelNews

Amadeus sees a 7%-10% drop in daily boarded passengers in February

The GDS giant estimates that the airline industry excluding China will post a 1% rise in traffic.

02/29/2020|12:41:14 AM|ChinaTravelNews
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