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Trip.com Group net revenue drops 42% in Q1, accommodation down by 62%

The company expects net revenue to decrease by 67% to 77% year-over-year for the second quarter.

05/29/2020|6:49:31 AM|ChinaTravelNews

Hotel group merges China brands; Klook looks to local demand | Daily Brief

Jin Jiang International has completed a major restructuring to consolidate its limited-service hotel businesses; Air China is planning to operate 24 international routes between June 1 and July 1.

05/27/2020|7:29:17 AM|ChinaTravelNews

Hotel PMS firm raises $14 million; China accused of blocking US flights | Daily Brief

Car-hailing giant Didi started an international travel agency; Meituan recorded 45.5% fewer room nights due to pandemic impact.

05/25/2020|11:20:13 PM|ChinaTravelNews

Meituan records 45.5% less room nights amid pandemic impact

Revenues from in-store, hotel & travel were RMB 3.09 billion (USD 434 million) in the first quarter, 31.1% less than last year.

05/25/2020|10:25:18 PM|ChinaTravelNews

Car-hailing giant Didi invests $7 million to establish a travel agency

This is not the first time Didi has set foot in the tourism industry.

05/25/2020|6:26:48 PM|ChinaTravelNews

Huazhu restructures for global plan; Trip.com Group buys Dutch OTA | Weekly Review

OYO has finally appointed a CEO for its China unit; The world's top 50 hotel brands are losing USD 14 billion in value.

05/23/2020|9:22:05 PM|ChinaTravelNews

Trip.com Group buys OTA Travix; Tuniu receives Nasdaq compliance warning | Daily Brief

The hotel sector is heavily impacted by COVID-19 and brands could lose up to USD 14 billion of cumulative brand value; China dismisses suspending applications for private passports as a rumor.

05/23/2020|11:46:32 AM|ChinaTravelNews

Major OTA reports 43.6% drop in revenue; China buys into Norwegian Air | Daily Brief

Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.

05/21/2020|5:16:44 PM|ChinaTravelNews
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