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...
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....
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...
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 ...
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 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...
Opened in 2020, the Sheraton Hotel Kaifeng offers travelers a pleasant stay in Kaifeng, whether for business or leisure purposes. The hotel is conveniently located a short 10km drive from Kaifeng Railway Station. There is no shortage of things to see in the area, with the Kaifeng Museum, Qian Hui Da Song Performance an...
The big three state-run Chinese airlines reported a slump in earnings in the first quarter as the coronavirus upended travel demand, but there are signs the worst of the crisis is over for them.
China Southern Airlines Co. and China Eastern Airlines Corp. lost RMB 5.3 billion (USD 750 million) and RMB 3.9 billion, res...
The road to recovery for China’s travel industry is still littered with uncertainties though there are early signs of rebound. Travel executives in China all pointed to the effectiveness of offering advance purchase options through live streaming events in their recovery strategies.
The live streaming sales approac...
Hainan issued a five-year plan on developing a national sports tourism pilot zone on Monday, in a bid to help turn the island province into a leading global tourist destination, according to the provincial government's official website.
The plan, to be implemented between 2020 to 2025, said the pilot zone is expected ...