Wuhan, the Chinese city in Hubei Province where the COVID-19 outbreak first began, will be lifting its travel restrictions on April 8, a local official said last week.
On March 19, Shanghai-based leading travel company Trip.com reported fourth quarter total revenue of $1.19 billion, beating analysts’ estimates.
The COVID-19 a disastrous time for travel-related businesses, as well as all the other service-related industries. Non-essential travel plans have been mostly canceled, all travel platforms are experiencing huge losses due to trip cancelations.
According to Tencent News, Ctrip plans to return to Hong Kong for a secondary listing and has recently approached a number of Chinese and foreign investment banks.
Chinese travel service provider Ctrip announced yesterday that it will be launching an overseas ride-hailing service on its app to help Chinese tourists on their travels outside of China.
This year's overseas monthly active users (MAU) of Ctrip, a Chinese travel-booking company, took up nearly half of its total MAU, Ctrip CEO Sun Jie announced in an open letter on Dec. 28.
Chinese travel experience sharing platform Mafengwo has been under the spotlight lately due to fake review allegations. The story was first posted on an independent WeChat account only to be denied by Mafengwo a few days later, leaving the truth unclear.
Meituan Hotels has overtaken Ctrip to rank first in China on the fronts of order volume and nights booked in Q2 2018, according to a report released on August 30 by Trustdata, a mobile internet data monitoring company.