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  • Bailout of Hong Kong's Cathay Pacific gets investors' scrutiny2020-06-14

    After the Hong Kong government said it would spend about USD 5 billion to bail out Cathay Pacific, analysts remained skeptical on the company's long-term outlook, even though the rescue plan will address some short-term cash issues. Analysts noted that the airline's problems will linger because a swift rebound in globa...
  • TravelSky adds China Eastern as investor of App; Airbnb China sees recovery2020-06-14

    China's airline IT service giant TravelSky said its previous agreement to sell a stake in its mobile app unit to a couple of investors including China Southern Airlines is now terminated and replaced by a new deal to add new investor China Eastern Airlines....
  • Hong Kong travel agencies are preparing for the return of tourism2020-06-08

    The extension of restrictions on movement in and out of Hong Kong has not stopped travel agencies from making preparations for the day when tourism can finally return, while Covid-19 continues to stifle the industry. Hong Thai Travel Services is already offering 20 per cent discounts for its “early bird packages” st...
  • Flights from China to US drop 95%2020-06-07

    The US Transportation Department will relax its previously-announced ban on Chinese passenger flights in the coming days to allow some flights to continue, reported Reuters, citing US government and airline officials. Washington announced earlier that it intended to bar the Chinese airlines from flying to the United ...
  • Chinese hotel group GreenTree sees a 33% drop in Q1 revenue2020-06-06

    GreenTree Hospitality, a major hotel company in China, reported that its first-quarter revenue dropped 33% this year to RMB 157 million (USD 22 million), having been severely impacted by the outbreak of COVID-19. Net income decreased 110.6% to a net loss of RMB 14 million (USD 2.0 million). RevPAR plummeted 44.1% to ...
  • Hong Kong’s troubled Ocean Park saved as lawmakers approve HK$5.4 billion relief fund2020-06-01

    Hong Kong’s ailing Ocean Park will be bailed out by the taxpayer after the legislature approved a HK$5.4 billion (USD692 million) relief fund for the attraction to stay afloat for another 12 months. After hours of debate, 32 legislators gave the nod to a lifeline for the home-grown theme park in Aberdeen amid fears o...
  • Trip.com Group buys OTA Travix; Tuniu receives Nasdaq compliance warning | Daily Brief2020-05-24

    Trip.com Group bought Dutch online travel agency group Travix from corporate travel giant BCD Travel in December last year. The deal which was closed in April 2020 gave the Chinese travel titan an Amsterdam-based set of brands, including Vayama, Vliegwinkel, and CheapTickets.nl. Trip.com Group may have decided that it ...
  • 1 Hotel Haitang Bay, Sanya profile2020-05-16

    1 Hotel Haitang Bay, Sanya has a restaurant, outdoor swimming pool, a fitness center and bar in Sanya. 300 m from Haitang Bay Beach and 24 mi from Luhuitou Park, the property provides a shared lounge and a garden. The accommodations features a 24-hour front desk, room service and currency exchange for guests. Tianya H...
  • A passenger drone hotel: EHang and LN Holdings make it a reality2020-05-13

    Urban air mobility pioneers EHang have partnered with LN Holdings, a tourism platform and hotel development group, to create the world’s first passenger drone hotel. Guests may have the opportunity to travel by EHang’s iconic passenger drone for both transport and aerial tourism at the new hotel. The passenger dron...
  • Shanghai Disneyland’s tickets sell out within minutes ahead of May 11 reopening2020-05-11

    Shanghai Disneyland sold out of tickets for its May 11 reopening after a four-month shutdown, a sign that consumers in China are prepared to spend as the nation recovers from the coronavirus pandemic. The theme park is implementing safety measures, including limiting visitors to one-third of the normal capacity of 80,...