Cordis Dongqian Lake Ningbo

No.28 Shashan Road

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Tourism News

  • Booking.com, Expedia and Trip.com drop contract clauses deemed a threat to competition2020-04-02

    Three major online travel agencies have offered to remove clauses in their contracts with accommodation providers that a Hong Kong watchdog investigation found could threaten competition and lead to higher prices for guests. The Competition Commission said that Booking.com, Expedia.com and Trip.com had agreed on favourable terms with businesses such as hote...
  • Travelers fleeing global pandemic bid for limited flights to China2020-03-29

    Airfares to mainland China soared in the past few weeks when the coronavirus crisis escalated from a regional outbreak into a global pandemic, as desperate travelers rushed for limited seats on the few carriers that were still flying to the country amid a widening circle of global quarantines and travel ban. The average price of air tickets from Italy, Spai...
  • Upscale hotel group New Century reports a 144.1% jump in EBITDA2020-03-22

    Zhejiang New Century Hotel Management reported that its revenue for 2019 rose 7.2% to RMB1,928.0 million and that its EBITDA climbed 144.1% to RMB741.9 million. Gross profit was RMB565.0 million, up by 20.7%. Net profit was RMB205.0 million, 8.4% more than the previous year. The Chinese hotelier which is invested by Trip.com Group said earlier that it susp...
  • COVID-19 hits January passenger demand2020-03-08

    The International Air Transport Association (IATA) announced global passenger traffic data for January 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 2.4% compared to January 2019. This was down from 4.6% year-over-year growth for the prior month and is the lowest monthly increase since April 2010, at the time of th...
  • China pumps investment to projects in virus-hit cultural tourism2020-03-02

    China's top economic planner has allocated 5.7 billion yuan (about 814 million U.S. dollars) to support project construction in the cultural tourism industry that has taken a hard hit by the novel coronavirus outbreak. The investment will be used on 485 projects including protection facilities of national cultural and natural heritage and tourism infrastruc...
  • Marriot's RevPAR in Greater China drops 90% in February2020-02-29

    Marriot's RevPAR in Greater China dropsMarriott is the world’s largest hotel operator with 800 properties in the Asia Pacific region and roughly half in Greater China. China is also Marriott’s fastest-growing market, where it is building a number of new hotels. Leeny Oberg, EVP and CFO said openings could slow down due to the virus. At the end of 2019, M...
  • Off the beaten track: China's tourism sector blazing trail out of virus blues2020-02-24

    With spring right around the corner, one of the sectors hit the hardest by the novel coronavirus epidemic is gaining steam in its recovery. China's tourism industry is biding its time with multiple innovations and aid for a postponed high season. As people choose to stay at home during the epidemic outbreak, the tourism industry, along with catering and out...
  • Hyatt’s China business is down 90% in February from coronavirus fallout2020-02-23

    Talk of coronavirus overshadowed Hyatt Hotel’s strong finish to the year during Thursday’s quarterly earnings call. CEO Mark Hoplamazian began by acknowledging the company’s staff in the Asia Pacific region, which he said is operating in “extraordinary circumstances and demonstrating a profound commitment to care for their families, for our guests and o...
  • ITB China 2020 will be postponed due to the spread of COVID-192020-02-19

    The ITB China organizers have announced to postpone ITB China 2020, originally scheduled to be held on 13 – 15 May at Shanghai World Expo Exhibition and Convention Center. The deferred show dates will be further announced by the show organizers. The decision is based on the current risk evaluation of the COVID19epidemic by local and global authorities. Ac...
  • Air New Zealand reduce capacity on Shanghai and Hong Kong routes2020-02-18

    Air New Zealand advises that it will be reducing capacity on its Shanghai route throughout April, and Hong Kong route throughout April and May as a result of the impact of coronavirus (COVID-19) on customer demand. Shanghai services are currently suspended until 29 March as a consequence of international travel bans affecting crew logistics and customer boo...

Cordis Dongqian Lake Ningbo

No.28 Shashan Road