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Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief

Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.

02/27/2020|10:01:43 AM|ChinaTravelNews

Disney names new CEO; Trip.com Group firm changes chief | Daily Brief

Asia-Pacific destinations continue to report a hotel occupancy impact amid the outbreak; China Eastern launched a fresh carrier.

02/26/2020|10:08:38 PM|ChinaTravelNews

China curbs overseas arrivals; OYO falls short in Japan | Daily Brief

Some Chinese cities have begun to restrict arrivals from overseas, signaling that the epidemic’s momentum has shifted outside of China.

02/26/2020|10:26:24 AM|ChinaTravelNews

Beijing warns against US travel; France sees 30%-40% less visitors | Daily Brief

Juneyao Airlines will be indefinitely postponing the launch of new European routes; AI tech firm raised $42 million in funding.

02/24/2020|8:56:36 PM|ChinaTravelNews

State-owned bank bails out OTA; airlines to see first traffic drop in a decade | Daily Brief

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.

02/21/2020|11:21:10 PM|ChinaTravelNews

Virus makes Olympics difficult; Air France sees €200M impact | Daily Brief

Air France-KLM warned of a €150-million to €200-million hit to earnings by April; Asia Pacific airlines could lose $27.8 billion due to outbreak.

02/21/2020|12:54:32 AM|ChinaTravelNews

Expedia freezes China listings; ITB China 2020 postponed | Weekly Review

China may see losses of USD 430 billion by the coronavirus disruption on travel for 2020; It plans cash injections and mergers to bail out aviation.

02/20/2020|10:08:28 PM|ChinaTravelNews

China considers airlines bailout; OYO fights to keep hotels open | Daily Brief

Malaysia looks to locals and non-Chinese visitors in fulfilling tourist-arrivals target; China plans to take over indebted conglomerate HNA Group and sell off its core airline assets.

02/19/2020|12:07:04 AM|ChinaTravelNews
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