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China's travel industry bracing for $430 billion losses for 2020
02/14/2020|11:27:31 AM|
Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
Supersonic aircraft startup Exosonic joins a long race to revive Concorde's dream
02/13/2020|11:38:50 PM|
Developing an aircraft that can pass regulatory scrutiny is complicated enough, but equally challenging is the need to prove to airlines that the model will turn a profit.
F1 Grand Prix postponed, global airlines to lose $4 billion | Daily Brief
02/12/2020|11:06:29 PM|
ICAO forecast a decline in global traffic of 16.4 million passengers, the hotel industry could end up having to deal with the virus impact for the next 12 months.
Europe mulls US-type travel ban, Disney expects $175m loss - Virus Updates
02/06/2020|1:07:47 AM|
Hong Kong will quarantine tourist arrivals from mainland China; at least two Asian airlines have asked their staff to take unpaid leave.
W.H.O. declares global emergency, Singapore bans Chinese visitors - Virus Updates
01/31/2020|4:03:06 PM|
The toll on travel and hospitality could be worse than during the SARS epidemic when Chinese travelers were a smaller group than they are today.
Trip.com Group launches a free cancellation initiative in face of the virus outbreak
01/27/2020|6:56:59 PM|
So far, 37 global airlines and over 10 international hotel chains have participated in the initiative to offer travelers free cancellations.
Accommodation operator ttg lands tens of millions of yuan in funding
12/24/2019|4:56:35 PM|
ttg has so far serviced over 100,000 travelers who spent an average price of 90 to 120 yuan per order.
JejuAir buys into Eaststar, Yanolja acquires DailyHotel - pivotal moments as WiT Seoul returns
01/20/2020|12:03:39 PM|
South Korea’s travel market enters 2020 with a sense of anticipation as well as trepidation as to what the first year of the new decade will bring the industry.
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