The Chinese flag carrier, Air China, announced on Thursday that it has signed an agreement with AFS Investments Inc, a subsidiary of aircraft leasing giant GE Capital Aviation Services (GECAS), to buy 18 Airbus A320neo planes from the European manufacturer to improve its transport capacity.
The deal, worth $2.2 billio...
The Walt Disney Co. reported that it took a $2.6 billion hit this quarter due to the pandemic's impact on theme parks.
Disney CEO Bob Chapek said during the Thursday earnings call that Walt Disney World, which reopened last summer to reduced capacity, saw average attendance grow "significantly" into the new quarter. C...
Changyu, China’s oldest and largest winery, is planning to open a wine theme park in Shanghai North Bund this year.
Changyu City Winery will appear on the North Bund. At present, the design of the theme park is in development, and the final design will be completed at the end of March and officially opened at the end...
The SAR government has been working with the central government in petitioning for the cross-border visits of Mainland tour groups to Macau. However, owing to the pandemic prevention and control measures required by national mechanisms, the central government is currently not considering resuming cross-border group tra...
Accor successfully hosted its first ALL Business Forums in Shanghai and Beijing recently, leading the industry with a platform for sharing insights and experiences towards new business travel trends, whilst highlighting the benefits of ALL – Accor Live Limitless loyalty programme for corporate clients. Held at Swiss?t...
China’s embrace of travel has spawned a clear corporate champion: the country’s state duty free shop operator.
China Tourism Group Duty Free announced this week that net income for the July-September quarter was up 142% year over year to RMB 2.23 billion ($ 331.1 million) as revenue rose 39 % rose to RMB 15.83 billi...
The number of domestic Chinese flights in September topped last year's levels, official data showed on Thursday, with passenger numbers indicating the local aviation sector is nearing a full recovery from the impact of the COVID-19 pandemic.
There were a total of 371,000 domestic passenger flights in September, up 3.5...
Deutsche Hospitality, an overseas subsidiary of Huazhu Group, will have its new CEO Marcus Bernhardt in office from November 1 this year, according to the company's announcement.
Former chief Thomas Willms said in August that he will step down as CEO of Deutsche Hospitality and Steigenberger Hotels AG as of September...
Thailand’s consulate in Hong Kong has launched a visa programme that will allow residents from the city and Macau to stay in the country for up to nine months, though a mandatory 14-day quarantine means the offer is unlikely to move the dial on travel, a tourism sector lawmaker has said.
The Tourism Authority of Thai...
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...