Focus of this week:
Japan Ghibli Park held a groundbreaking ceremony
OCT ranked among the top three theme parks in the world
World's first cruise ship resumed flight
Ukraine will be visa-free to Chinese tourists
Singapore will relax restrictions on travel groups
Bali html reopened to foreign tourists in September 2018 l5
The number of unemployed people in India's tourism industry may reach 40 million
Central free next yearThe sixth city duty-free shop settled in Wuhan
Mental Airlines up to 30% of employees face suspension of salary and stayed at
German aviation industry faces cold winter or layoffs
Ctrip may delist from Nasdaq
Singapore Airlines , ANA, and Wyndham announced financial reports
Tourism industry
html Cross-border tourism industry lost US$320 billion from November to May, three times more than during the financial crisis. The report released by the United Nations World Tourism Organization (UNWTO) on the 28th showed that the "lockdown" and "lockdown" epidemic prevention measures adopted by various countries have caused the number of cross-border tourists to fall by 98% year-on-year in May this year. Cross-border tourists fell by 56% year-on-year from January to May this year, reducing the number of travelers by about 300 million, causing losses of US$320 billion, and the scale of losses was more than tripled during the 2009 global financial crisis. Although tourism in some regions is gradually restarting, the World Tourism Organization's confidence index fell to a new low on the same day. Most members of the organization's tourism expert working group expect global cross-border tourism to wait until the second half of 2021, and only a few experts believe that the recovery will be ushered in the first half of 2021.
UK removes Spain from safe tourist destinations. Due to the recent rebound in the new crown pneumonia epidemic in Spain, the British government decided to remove Spain from the list of safe tourism destinations in the UK on the 25th. At the same time, the British government announced that from 0:00 local time on July 26, all passengers entering the UK from Spain will be forced to be quarantined for 14 days. Spain is one of the most popular resorts among the British. The number of foreign tourists Spain received last year was the largest, with more than 20%.
Ukraine announced visa-free for Chinese tourists. Ukraine announced that it would implement a visa-free policy for Chinese tourists from August 1 this year to January 31 next year. The visa-free targets are citizens of the People's Republic of China who enter and transit the Ukrainian territory for tourism purposes and stay for no more than 30 days. Ukraine pointed out that the move is to strengthen cooperation with China in the field of tourism.
Singapore will relax restrictions on tour groups. Singapore Tourism Board issued a statement saying that restrictions on tourist groups will be relaxed. However, tourism operators must still apply to the Tourism Bureau and obtain approval from the Ministry of Trade and Industry. Tourist groups must comply with various epidemic prevention restrictions such as the number of people and the duration of activities. Tourism operators must apply to the Tourism Bureau and obtain approval from the Ministry of Trade and Industry. The tour group's activity time shall not exceed 8 hours. Tour groups that take walks, bicycles and kayaking can have up to 10 people (excluding tour guides and drivers). Each group cannot exceed 5 people, and a safe distance of one meter must be maintained at all times. As for tour groups using transportation such as tourist buses, up to 50 people can be accommodated, or the number of people that the transportation can accommodate after implementing safety management measures (whichever is lower).
Vietnamese tourist destination Da Nang The authorities will evacuate 80,000 people. Vietnam said it was evacuating 80,000 people from the central city of Da Nang, most of whom were local tourists because three local residents were tested positive for the new coronavirus. The evacuation will last for at least four days, with domestic airlines operating approximately 100 flights from Da Nang every day to 11 Vietnamese cities. Vietnam confirmed its first community infection since April and then three more cases have been confirmed, bringing the Southeast Asian country with relatively well-controlled control since the global outbreak to a high degree of vigilance.
Indonesia Bali reopened to foreign tourists in September. Indonesia's Bali Governor I Wayan Koster announced that the province will reopen to international tourists on September 11 under strict sanitation regulations. Bali is a resort in Indonesia.Coaster said that the provincial government has formulated a plan divided into three stages to gradually liberalize the tourism industry.
India's tourism industry has been hit hard by hard work, the number of unemployed people may reach 40 million. Affected by the COVID-19 epidemic, the country's tourism industry is expected to suffer losses this year at 1.5 trillion rupees (about 1.4 trillion yuan). This is much higher than the estimated 5 trillion rupees (about 470 trillion yuan) in March. The association said that India has spread the new crown epidemic since March this year, and its negative impact has lasted for at least nine months. The cumulative number of unemployed people throughout the year may reach 40 million. India's tourism industry's output value accounts for about 10% of India's GDP. Due to the outbreak of the epidemic, at least three-quarters of India's tourism industry has been completely affected, and industries such as airlines, travel agencies, hotels, tourist attractions, and tourism transportation have been severely hit.
Zhongduo will set up the sixth city duty-free shop in the country next year. The first city duty-free shop in central will be launched in Wuhan next year. This duty-free shop, located in the Wuhan Yangtze Shipping Center Building, will be the sixth city duty-free shop in the country, and its scale and category will exceed the other 5 stores. Wuhan Port Development Group and China Duty Free Products (Group) Co., Ltd. recently signed a memorandum of intention to strategic cooperation. Zhou Peng, store expansion director of the channel management department of China Duty Free Group, introduced that currently there are 5 duty-free shops in five cities including Beijing, Shanghai, Qingdao, , Xiamen , and Dalian.
Amusement Park
London plans to build "UK Disneyland", with an investment of about 3.5 billion pounds. London will create a theme park in Kent , 40 kilometers away, known as The London Resort, which will likely be the largest theme park in Europe. Meanwhile, since the construction of Disneyland Paris in 1992, it will be the first park of its kind to be built from scratch in Europe. It is a collaboration with BBC, ITV Studios and Paramount Pictures. Construction of the theme park may begin in early 2022 and open in 2024. The entire theme park is expected to invest about £3.5 billion, covering an area of about 535 acres. The project will include two theme parks, a water park, conference venues, hotels, retail and dining options.
The groundbreaking ceremony of the "Ghibli Park" built in the Aichi World Expo Memorial Park in Japan was held. The project is promoted in three regions, and strives to open the park in autumn 2022. Ghibli Park is themed on the world view of the animation works of Studio Ghibli (Ghibli). The area is about 7.1 hectares, and five areas are planned to be built. The three areas this time are the "Hill Hill Area" that expresses the fantasy science world in the movie "Hal's Mobile Castle", the "Bonfire Forest Area" with the theme of the movie "Tongkat", and the "Ghibli Warehouse Area" with the exhibition room, release equipment and cafe. The other two areas strive to open the park within 2023.
Discovery Chinese International Exploration World Project settled in Chengdu. CMCInc. Huaren Culture Group Company and Chengdu chenghua District government officially signed an investment cooperation agreement, intending to invest 10 billion yuan to build a global entertainment and education destination and immersive and proactive exploration tourist resort in the Longtan Wetland area of Chenghua District with the core IP of "Discovery Exploration Media Group's Brand and Content". The Discovery Chinese International Exploration World Project, with a total investment of 10 billion yuan, has a planned total area of about 2,000 acres. The project takes Discovery as the core IP. After the project is completed and operated, it is expected to attract more than 5 million tourists every year, driving the annual income of surrounding related industries by 4 billion to 5 billion yuan, providing about 1,000 to 1,500 direct jobs and 4,000 to 5,000 indirect jobs.
OCT Group ranked among the top three theme park groups in the world and ranked first in Asia again. Recently, in the 2019 Global Theme Parks and Museum Report jointly released by the authoritative research in the world theme parks, the United States Theme Parks Association (TEA), and the third-party tourism industry research and consulting agency AECOM, OCT Group ranked among the top three theme parks in the world and ranked first in Asia again. This is also the first time that Chinese cultural and tourism companies have entered the top three in the world.
Comprehensive cultural and tourism project Eden in the UK is settled in Tianjin Jizhou . The Eden project in the UK was introduced into Jizhou, Tianjin. It is a comprehensive cultural and tourism project focusing on knowledge commerce, health care, nature education and ecological agriculture. Ecology and cultural education are the biggest features of the project. The project covers an area of 1,700 mu, with a construction area of 1 million square meters. It is located in four major business segments: knowledge commerce, medical care, nature education, and modern agriculture, among which knowledge commerce accounts for nearly half of the share. In addition, relying on the entire large project, the Tianjin Jizhou Eden project integrates resources around health care and modern agriculture. Let the residents in the community and tourists who come here to experience the best experience and get the best care, so that green and ecology will remain the deepest mark on people's psychology.
Online Travel
Booking Group's Meta-Search Brand Kayak is considering entering the hotel industry. also serves as the CEO of Kayak, a travel metasearch brand under Booking Holdings Group and the catering booking platform OpenTable, said that it is considering entering the hotel industry in some form through traditional hotel metasearch and booking services. However, Hafner did not reveal more details. "We will announce the first time Kayak has entered the hotel industry soon," he said. When asked if there will be Kayak brand hotels, Hafner replied without comment, "That's it, even if there is, I don't think it's surprising."
Expedia Q2 bookings fell by 90%, ushering in the worst quarter in tourism history. Expedia Group released its second quarter financial report as of June 30, 2020: the number of nights in the room fell 81% year-on-year, and the total bookings fell 90% year-on-year. Peter Kern, vice chairman and CEO of Expedia Group, said, "The second quarter of 2020 is likely to be the worst quarter that modern tourism has encountered, and Expedia is certainly not spared." After experiencing the trough in April, Expedia's bookings continued to improve in May and June this year, and the cancellation of travel orders has decreased.
Ctrip may delist from Nasdaq and is negotiating to provide funds for privatization transactions. is impacting Ctrip's business due to the COVID-19 epidemic. Ctrip is discussing with potential investors to provide financial support for its delisting from the Nasdaq securities market. Ctrip's management has contacted many financial and strategic investors, including private equity firms and domestic technology firms, to discuss the company's privatization transactions. The Ctrip's privatization deal comes as Chinese companies listed in the United States face stricter scrutiny and audit requirements from U.S. regulators. Ctrip's delisting discussion is currently in an early stage and may change. Ctrip declined to comment on this.
Airport
airport transportation volume will not rebound to pre-coronavirus pandemic levels until 2024. IATA expects global air traffic to return to 2019 levels until 2024; it was previously expected to resume by 2023. In June, the average domestic flight load rate was 62.9%, while international flights were only 38.9%. Especially the rebound in domestic travel in Asia is encouraging, with some places such as Vietnam returning to pre-crisis levels. Business travel does not match the rebound in corporate confidence, indicating a change in behavior. Consumer confidence remains significantly weaker and leisure travel is unlikely to recover unless confidence is restored. Global transportation volume is expected to fall by 63% in 2020, compared with a previous forecast of a 55% decline; it is expected to fall by 36% in 2021 from 2019 levels.
United Airlines warns 4,000 pilots to face suspension of pay and stay in their posts. United Airlines warned that it is considering leaving one-third of its nearly 12,000 pilots off pay as the rebound in the U.S. coronavirus pandemic weakens the prospects for improved business. "Flight bookings have stalled in recent weeks, and the recent increase in COVID-19 cases is continuing to affect our business," Brian Quigley, the company's senior vice president of flight operations, said in a memo to pilots. United had previously stated that it planned to suspend 2,250 pilots this year, but now that number has nearly doubled. Its 36,000 front-line employees may face layoffs or suspensions, accounting for more than one-third of its total employees.
US Low-cost Airline Spirit Airlines says up to 30% of employees are facing suspension of wages. The CEO of Spirit Airlines, the United States, said in an internal memorandum to employees that after the U.S. government salary assistance to the aviation industry expires in October, 20-30% of employees may face the fate of being suspended, including pilots and flight attendants. Earlier, major U.S. airlines have warned that employees may take unpaid leave in October, American Airlines said 25,000 employees may face layoffs or suspensions, while United issued a warning to 36,000 employees. The U.S. government provided US airlines with $25 billion in salary assistance to U.S. airlines after the outbreak, provided that employees cannot be laid off by October 1. The union representing aviation workers has asked the government to provide another $32 billion in aid to help the aviation industry maintain a situation of no layoffs for another six months.
Los Angeles will implement a safety ambassador program at international airports to distribute masks to passengers. Los Angeles, USA will launch a security ambassador program at Los Angeles International Airport (LAX) to send masks to passengers in need at all airport terminals. The project will be launched on August 3, starting with Terminal 1, and then expanding to all terminals. It is hoped that the project can stop the spread of the virus and allow passengers to travel with peace of mind. At that time, security ambassadors will distribute masks at various airport terminals, and passengers can also find their traces in front of signs. Los Angeles International Airport has been committed to creating a safe travel environment. Since the outbreak of the epidemic, the airport has not only maintained daily cleaning and disinfection, but also installed a total of 250 dry cleaning hand points in various terminals of the airport.
German aviation industry faces a cold winter or layoffs. Recently, the COVID-19 epidemic in many places in Germany has shown a rebound trend, which has made the aviation industry, which is already walking on thin ice, tighten its nerves. Many airports announced that they will take further prevention and control measures, but due to the impact of the epidemic, many airlines plan to lay off employees. Brandenburg Airport, a new Berlin airport that has been built for more than ten years, is scheduled to be opened in October this year, but due to the impact of the epidemic, the new airport faces layoffs in hundreds of jobs before it is opened. According to the airport's financial statements released in June, the operating company is expected to lose hundreds of millions of euros this year, and lay off 400 jobs in the next few years. In addition, many airlines, including Lufthansa , EasyJet , and Ryanair , have recently launched layoff plans.
Asia-Pacific airline passenger volume plummeted 98% in June. AATA said that as personnel flow restrictions curb air travel, Asian airlines transported only 724,000 international passengers in June, a 98% drop from the same period last year.
Japan Airlines announced on the 28th that it will cancel the recruitment activities for fresh graduates in 2021. Affected by the novel coronavirus epidemic, Japan Airlines' performance deteriorated sharply and announced the suspension of recruitment in May. The momentum of the epidemic has not subsided since then, and the long-term trend is also worrying, so I gave up the restart of recruitment activities. ANA Holdings has also canceled the recruitment work for 2021.
Singapore Airlines may set another record loss due to the impact of the epidemic. Singapore Airlines is expected to suffer another severe quarterly losses after the COVID-19 pandemic caused a sharp drop in its number of passengers. Singapore Airlines has been ranked among the best airlines in the world selected by Skytrax. The airline warned this month that it expects significant operating losses in the first quarter. The company had already suffered a record net loss of S$732 million (US$530 million) in the three months to March, when losses in fuel hedging and a sharp drop in demand caused by the pandemic hit it. This has left the airline suffering an annual loss for the first time in its 48-year history.
The Civil Aviation Administration of Thailand plans to resume flights with China by the end of the year. The Civil Aviation Administration of Thailand revealed the overall development trend of Thailand's aviation industry this year, and pointed out that the impact of the new crown pneumonia epidemic has caused airlines to lose 70% of passengers.However, with the gradual improvement of the epidemic situation in Thailand, it is expected that the aviation industry will recover in the fourth quarter of this year. If the epidemic is properly controlled, China, Japan and South Korea may be allowed to fly to Thailand by the end of this year. I believe that more international tourists will travel to Thailand, especially Chinese tourists, as the "new force" of Thailand's tourism industry, have high purchasing power. The recovery of Chinese routes will bring opportunities to the recovery and development of Thailand's aviation industry and the overall economy.
All round-trip flights in Da Nang, Vietnam are suspended, and inter-provincial traffic is prohibited from being parked by land. will suspend all round-trip flights in Da Nang from July 28 local time. Trains and inter-provincial passenger vehicles are prohibited from docking in Da Nang. As of the 28th, about 3,000 passengers were still stranded in Da Nang, and most of them had left Da Nang City.
China United Airlines implements new domestic air ticket refund and change standards, significantly reducing handling fees. China United Airlines fully implements the new domestic ticket refund and change fee standards. The adjustment of the refund and change rules will reduce the refund and change fee as a whole, add more free refund and change rules, and reduce the economic expenditures incurred by passengers due to changes in the itinerary. The new standard will significantly reduce the flight refund and change rate. For example, if a passenger purchases a 50% discount ticket, the refund will occur outside the 7th day of the flight departure (inclusive), and the rescheduling fee will be changed from 20% of the actual fare before the adjustment to free of charge, and the refund fee will be changed from 30% of the actual fare before the adjustment to 5%; if the purchase of a 20% discount ticket will be refunded and changed within 7 days of the flight departure, the fee rate will be adjusted from 70% and 60% before the adjustment to 20% and 15% respectively. Passengers can refer to the official website for specific refund and change rules.
HNA Group 6 domestic airlines increased by 20-30% month-on-month. HNA Group reported that in June, the number of passenger flights and passenger transport volume of domestic airlines under HNA Group increased by 20-30% month-on-month, and the cargo and mail transportation volume recovered by nearly 90%. HNA has achieved relatively obvious results in resumption of work and production, and transportation production has shown a strong recovery trend.
Hotel
United States hotel industry CEOs jointly requested the increase in the effectiveness of COVID-19 testing. CEOs of 14 U.S. hotel and other travel companies jointly wrote to Congress to pass legislation to increase the intensity of COVID-19 testing across the United States in order to effectively control the spread of the epidemic. These hotel industry CEOs include the heads of brands such as Marriott , Hilton , and Kaiyue. The joint letter emphasized that more effective and sufficient testing capabilities are the key to ensuring economic recovery. The efficiency of COVID-19 testing in the United States has significantly reduced in recent weeks. Many institutions have to wait for the feedback results of COVID-19 testing for two weeks, which seriously affects the effectiveness of epidemic prevention and control.
Macau’s hotel and apartment guests in the first half of the year decreased by 73.5%. Macau had a total of 134,000 hotel and apartment guests in June, a year-on-year decrease of 88%; the average room occupancy rate (excluding rooms for medical observation purposes, the same below) was 11.8%, a year-on-year decrease of 77.6 percentage points. According to statistics, in the first half of this year, the number of guests in hotels and apartments in Macau decreased by 73.5% year-on-year to 1.83 million, and the average occupancy rate of rooms was 27.2%, a year-on-year decrease of 63.9 percentage points.
Shimao Star Hotel Group announced that the Shimao Fanxiang Hotel in Wuhan will be opened soon. The hotel integrates modern technology into the details of hotel accommodation. 225 technology rooms and suites equipped with smart hotel solutions are customized to customize the guest's stay experience by simulating various situational modes. Wuhan River Beach Shimao Fanxiang Hotel is located on the Hankou River Beach, the beautiful scenery of the Yangtze River, and is surrounded by the beautiful scenery of the Jiangcheng in a prosperous area. The hotel was formerly the Wuhan Changhai Hotel, which carries the memories of a generation of Wuhan people. The hotel with a hull appearance is affectionately called "Old Changhai" by locals. It is also the only star-rated hotel in the Wuhan River Beach in the mid-1990s.
Hebei Province's first Marble Hotel unveiled at Qinhuangdao . Marriott International Group recently announced the official opening of the Courtyard by Marriott Qinhuangdao Hexinjiye. As the first Courtyard Hotel in Hebei Province, the Courtyard by Marriott Qinhuangdao Hexinjiye is located in the Qinhuangdao Economic and Technological Development Zone, close to the prestigious summer resort Beidaihe. The hotel will provide guests with a vibrant stay experience in this well-known destination that integrates business and leisure, while helping the rapid development of the local economy and tourism industry.The hotel has 190 spacious and sophisticated rooms and suites, all equipped with wireless network and flexible office space to meet the needs of modern travelers to maintain efficient and always interconnected accommodation.
Beijing Leduogang Marriott cancels the administrative room transformation resort hotel. Beijing Leduogang Marriott Hotel has cancelled its executive room type and transformed into a resort hotel at the beginning of this year. Beijing Leduogang Marriott Hotel is located in Changping District, , close to the two expressways, Beijing-Tibet (G6) and Beijing-Xinjiang (G7). It has tourist resources such as Juyongguan Great Wall, Ming Tombs, Mangshan National Forest Park, and Beijing Jundushan Ski Resort . The hotel will cancel the original administrative room type, and the cancellation will include the administrative lounge. The hotel has now transformed into a resort hotel.
Fosun Group Some resorts have been moved into more than 90% of . Fosun Group Guo Guangchang said that in recent months, the tourism industry has recovered rapidly. The occupancy rate of Sanya Atlantis Hotel in May has exceeded the same period last year. After the summer vacation began, the rooms have been filled continuously since July 11, and the overall occupancy rate in July is expected to exceed 90%. The overall number of ClubMed resorts in China has been restored in April. On the weekend of July 25, the occupancy rate of 4 of the five resorts opened in China exceeded 90% of the total.
Wanda Hotel develops a $270 million sale of Chicago real estate project and resumes trading on the 30th. Wanda Hotel Development announced on the Hong Kong Stock Exchange that it would sell 90% of the shareholders' interests in a Chicago property project for a cost of US$270 million. The buyer is Magellan Parcel C/D LLC, which owns 10% of the interest in the project. Wanda Hotel Development resumed transactions at 9 a.m. on July 30.
Cruise
The world's first cruise ship resumes flight, and the cruise industry ushers in a restart under the epidemic. After nearly half a year of suspension of , the cruise industry finally waited for the "restart". On July 26, the "Exploration Dream" of Star Dream Cruise, a subsidiary of Genting Cruise Group, officially set sail and launched a "cruise island-jumping tour" route. The route will visit special attractions such as Penghu, Matsu and Kinmen. This also means that Star Dream Cruise has become the first cruise company in Asia and even the world to resume flights.
Carnival International sold four ships for RMB 20 million and made a profit of approximately RMB 5.66 million. Carnival International issued an announcement stating that the company's wholly-owned subsidiary Pearl Generation Limited, sold four ships to independent third parties at a cash consideration of RMB 20 million. Carnival International said that considering the current market conditions and Hong Kong's overall economy, the Board believes that the sale is beneficial to the Group, is a good opportunity to realize its value at the current market price and generate cash to repay the Group's outstanding debts in order to improve the Group's financial situation. Carnival International expects sales revenue of approximately RMB 5.66 million. Save about 7.39 to 8.28 million yuan in operation and maintenance expenses every year. The net proceeds will be used to repay the loan.
Greek cruise tourism reopened in August. days ago, Greek Tourism Minister Harris Theo Harris announced that he would reopen cruise services in August, but he did not give a specific date. According to reports, Theo Harris said: "In the first half of August, Greece will open its cruise tourism business. At present, many Greek ferry companies are eager to try."
financial report
Wyndham Hotel Group announced its second quarter financial report for 2020. Windham lost $174 million in Q2 2020, and its adjusted net profit was $9 million. Adjusted EBITDA (profit before interest, taxes, depreciation and amortization) is US$63 million. The number of hotel rooms in Wyndham system was relatively flat this quarter, with the world's comparable RevPAR falling by 54% year-on-year.
Europe's largest low-cost airline Ruian lost 185 million euros in the second quarter. Ryanair, Europe's largest low-cost airline, released its financial report saying that due to the impact of the new coronavirus epidemic, it had a net loss of 185 million euros in the first quarter (equivalent to the second quarter) in the first fiscal quarter ended June 30, compared with a net profit of 243 million euros in the same period last year. Revenue plummeted to 125 million euros from 2.31 billion euros a year ago. As of June 30, the company still had more than $3.9 billion in cash.
ANA Holdings (ANA) consolidated financial report for the first quarter of fiscal year 2020 (April to June) net profit loss was 108.8 billion yen (approximately RMB 7.3 billion), compared with a profit of 11.4 billion yen in the same period last year, marking the largest quarterly loss since the quarterly report was announced in fiscal year 2003 and the first loss in the first quarter in seven years.
Singapore Airlines announced its first quarter results for the group's fiscal year 2020 ended June 30. 's total revenue for the quarter was 851 million Singapore dollars, down 79.3% from US$4.102 billion in the same period last year. Operating loss for the quarter was S$1.037 billion, while operating profit for the same period last year was S$200 million. Net loss for the quarter was S$1.123 billion. Net profit of S$111 million in the same period last year.
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