Search results for “globalization”
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
03/21/2020|5:38:25 PM|
Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.
OTA giant sees revenue falling by half; Foreign arrivals to Japan plunge 58% | Daily Brief
03/19/2020|10:52:49 PM|
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.
State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief
02/21/2020|11:21:10 PM|
The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
OTA seeks $1.2 billion loan, tourism slowdown spreads in Asia | Daily Brief
02/15/2020|12:54:56 AM|
Travel advisers projected 10%-15% off in the $45.6 billion global cruise industry, major Chinese park operator warned of epidemic impact on $320 million asset-backed notes.
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.
Asia is restricting visitors; Agoda offers long-term stays | Daily Brief
03/16/2020|11:21:21 PM|
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.
China's air passengers fall 84.5%; business travel to lose $820B | Daily Brief
03/12/2020|11:16:53 PM|
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.
OTA chief cuts salary; event cancellations cost $1B | Daily Brief
03/11/2020|12:24:19 AM|
The direct economic loss from the cancellation from nine major tech conferences already surpassed USD 1 billion; A Disneyland Paris maintenance worker tested positive for coronavirus.
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GBTA launches global equity program to support business travel professionals in emerging markets through sponsored memberships

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Trip.com Group reports 70% rise in Q1 international OTA platform revenue

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China, Japan and South Korea target 40 million tourist exchanges by 2030

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