Tourism News
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Marriot's RevPAR in Greater China drops 90% in February2020-02-29
Marriot's RevPAR in Greater China dropsMarriott is the world’s largest hotel operator with 800 properties in the Asia Pacific region and roughly half in Greater China. China is also Marriott’s fastest-growing market, where it is building a number of new hotels. Leeny Oberg, EVP and CFO said openings could slow down ... -
Off the beaten track: China's tourism sector blazing trail out of virus blues2020-02-24
With spring right around the corner, one of the sectors hit the hardest by the novel coronavirus epidemic is gaining steam in its recovery. China's tourism industry is biding its time with multiple innovations and aid for a postponed high season. As people choose to stay at home during the epidemic outbreak, the touri... -
Hyatt’s China business is down 90% in February from coronavirus fallout2020-02-23
Talk of coronavirus overshadowed Hyatt Hotel’s strong finish to the year during Thursday’s quarterly earnings call. CEO Mark Hoplamazian began by acknowledging the company’s staff in the Asia Pacific region, which he said is operating in “extraordinary circumstances and demonstrating a profound commitment to care ... -
ITB China 2020 will be postponed due to the spread of COVID-192020-02-19
The ITB China organizers have announced to postpone ITB China 2020, originally scheduled to be held on 13 – 15 May at Shanghai World Expo Exhibition and Convention Center. The deferred show dates will be further announced by the show organizers. The decision is based on the current risk evaluation of the COVID19epid... -
Air New Zealand reduce capacity on Shanghai and Hong Kong routes2020-02-18
Air New Zealand advises that it will be reducing capacity on its Shanghai route throughout April, and Hong Kong route throughout April and May as a result of the impact of coronavirus (COVID-19) on customer demand. Shanghai services are currently suspended until 29 March as a consequence of international travel bans a... -
Coronavirus travel slowdown spreads from China across Asia2020-02-17
The coronavirus outbreak is causing travel demand across the whole Asia Pacific region to slump, data showed on Thursday, as the impact of the flu-like illness on future bookings spreads beyond China. ForwardKeys, a travel analytics company, said that airline bookings from across the region were 10.5% lower for March ... -
Australia will extend its China travel ban as the coronavirus crisis deepens2020-02-11
Australia will extend its China travel ban as the coronavirus outbreak continues to spread, despite a heavy blow to the nation's tourism and education sectors. Saturday will mark two weeks since Prime Minister Scott Morrison announced a temporary 14-day ban on foreign travelers who have left or passed through mainland... -
IATA data shows steep drop in Chinese air travel demand after coronavirus outbreak2020-02-10
New data compiled by IATA, or the International Air Transport Association, shows that both domestic and international air travel demand has dropped by as much as 40% in the wake of the novel coronavirus outbreak in central China. The report, which was released late last week, tracks demand around the Lunar New Year ho... -
H2O Hospitality adds $7M in funding to sustain quarterly revenue growth2020-02-07
Tokyo-based vacation rental management startup H2O Hospitality has landed $7 million in Series B funding. Samsung Ventures, Stonebridge Ventures, IMM Investment and Shinhan Capital led the round, bringing the company's total funding to date to $18 million. H2O’s platform centralizes and automates services such as gu... -
Chinese hotels offer quarantine rooms, cut fees, sell veggies to get through epidemic2020-02-06
Chinese hospitality companies, including Jinjiang International Holding and Huazhu Group, have scrambled for solutions to mitigate the impact of the novel coronavirus outbreak by cutting fees, as well as by accommodating medical staff and people under quarantine. Jinjiang International has reserved 322 hotels across C...