Ctrip considers going private and delisting from Nasdaq
China: Chinese travel services provider Ctrip, also known as Trip.com Group Ltd, is considering the possibility of going private and delisting itself from the Nasdaq stock market due to rising tensions with the United States and the impact of the coronavirus on its business. According to Reuters, Ctrip’s management have contacted a number of financial […]
When borders open, Chinese travellers will be first to travel
China: Rentals United co-founder and CEO, James Burrows, discusses how Chinese tourists are likely to be among the first in the world to restart travel in 2020, after the company’s partnership with China’s largest OTA, Trips.com. The coronavirus pandemic has rapidly worked itself around the globe devastating lives, economies, social structures, and businesses while wreaking havoc […]
Airbnb suspends Beijing check-ins due to coronavirus
China: Airbnb is suspending check-ins in the Chinese capital of Beijing until at least March due to concerns over the coronavirus threat. UPDATE: Reuters reports that these delays have been extended until May. This, according to the company, is to comply with city regulations responding to the disease. Airbnb is offering refunds to any and […]
Duke of Sussex and travel players join forces for Travalyst launch
Worldwide: HRH The Duke of Sussex has joined forces with TripAdvisor, Booking.com, Ctrip, Skyscanner and Visa to launch Travalyst, a global partnership which advocates sustainable practices across the travel industry. The alliance was announced this week in Amsterdam with the aforementioned firms named as the founding partners of Travalyst and further companies and non-government groups […]
Luo Jun stands down as CEO of Tujia
China: Tujia co-founder Luo Jun has announced he is stepping down from his CEO role at the Ctrip-backed firm, although he will remain as a company director. Jun was replaced at the helm of the online vacation rental platform in February by Tujia COO Yang Changle with immediate effect, according to an internal memo from […]