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Equity investments play a big part in hotel giant Huazhu's annual profit
03/27/2020|9:43:18 PM|
Same-hotel RevPAR growth has been going down for the past three years.
China limits cross-border flights, halts entry by foreigner visa & residence permit | Daily Brief
03/27/2020|12:58:59 AM|
Weekly flights will be downsized to around 130, reducing the number of China's inbound airline passengers from 25,000 to around 5,000 per day.
Tokyo Disneyland to close; Coronavirus could end global travel boom | Daily Brief
02/29/2020|1:39:19 AM|
All of Disney’s theme parks in Asia are now temporarily shut; Alaska Tourism officials see an opportunity in Asia travel bans.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
08/06/2018|11:58:59 AM|
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
Global tourism to take a $80B hit, cruises shun Asia to avoid virus | Daily Brief
02/15/2020|12:54:05 AM|
The coronavirus impact may last until the second quarter of 2021, industries are feeling the pinch beyond China, with the full impact remains to be seen.
Air China maintains U.S. flying; Beijing airport to transfer international flights | Daily Brief
03/19/2020|1:03:31 AM|
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.
Fosun Tourism sees acquisition opportunities amid virus outbreak
03/18/2020|11:21:26 AM|
The company said it believes that the demand of the global tourism industry will continue to rise in the long run.
China’s travel industry takes actions to fight against coronavirus - Virus Updates
01/25/2020|9:27:14 PM|
At a time when the country is mobilizing medical teams nation-wide to fight the virus in Wuhan, China’s travel industry is also taking measures to participate in the fight.
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