Travel and transport, among the most COVID-19-battered sectors, contribute a significant part to global services trade. China's current efforts to put its domestic air travel and tourism industries back on track could serve as a beacon of hope for a global industry revival, government officials and industry watchers sa...
Macau’s flag-carrier airline, Air Macau, will later this month resume flights to a number of cities in mainland China, coinciding with the return nationwide on September 23 of the Individual Visit Scheme (IVS) for tourists. The airline will also increase from October the frequency of flights to other Chinese cities, r...
A Bloomberg gauge of the airline sector shows nine of the world’s top 10 airline stocks over the past three months are Chinese, with all but Air China shares posting double-digit gains. The odd one out is InterGlobe Aviation, which operates India’s biggest carrier, IndiGo. The top performer is low-cost carrier Spring...
The United States has revoked visas for more than 1,000 Chinese nationals under a presidential measure denying entry to students and researchers deemed security risks, the State Department said on Wednesday, a move China called a violation of human rights...
As the world enters a new era of international travel, Beijing Tourism is leading the way with a two-part online forum series, "Beijing Culture and Tourism Global Online Strategic Forum - Restart Travel, Together with Beijing.” Held on 22-23 September 2020, the forums are aimed at tour operators and travel agencies wh...
Leisure-focused Chinese online travel company Tuniu Corporation said its revenue from packaged tours declined more than 97% year-over-year in the second quarter this year. As of June 30, the company had cash and cash equivalents, restricted cash and short-term investments of USD 225.2 million. Tuniu believes that will ...
Tongcheng-Elong Holdings, a Chinese online travel firm co-invested by Trip.com Group and Tencent, said its revenue plummeted 24.6% in the second quarter this year. Average monthly active users decreased by 3.3% year-to-year from 181.6 million in the same period of 2019, but increased by 18.3% quarter-to-quarter from 14...
Booking Holdings said its gross travel bookings declined by 91% in the second quarter this year. Room nights booked dropped 87% during the time.
Total revenues for the second quarter of 2020 were USD 630 million, an 84% decrease from the prior year.
"We faced a challenging second quarter and continue to face challe...
Leading international online travel services provider Trip.com Group, today officially announced a strategic partnership with AirAsia.com, ASEAN’s fastest growing travel and lifestyle e-commerce platform.
The strategic partnership will see Trip.com Group and AirAsia.com collaborate on a range of popular products and...
Latest tracking data highlights the extent to which the recovery of international passenger markets is being suppressed by cross-border travel restrictions and quarantine requirements, coupled with the economic impacts of the Covid-19 pandemic.
Global scheduled passenger jet flight numbers were down approximately 54% ...