Niccolo Hotel

Building 3, International Finance Center, No. 1, Section 3, Hongxing Road

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  • Big Three Chinese airlines lost $2 billion as virus kills travel2020-05-03

    The big three state-run Chinese airlines reported a slump in earnings in the first quarter as the coronavirus upended travel demand, but there are signs the worst of the crisis is over for them. China Southern Airlines Co. and China Eastern Airlines Corp. lost RMB 5.3 billion (USD 750 million) and RMB 3.9 billion, respectively, in the three Months ended Mar...
  • Hong Kong’s troubled Ocean Park saved as lawmakers approve HK$5.4 billion relief fund2020-06-01

    Hong Kong’s ailing Ocean Park will be bailed out by the taxpayer after the legislature approved a HK$5.4 billion (USD692 million) relief fund for the attraction to stay afloat for another 12 months. After hours of debate, 32 legislators gave the nod to a lifeline for the home-grown theme park in Aberdeen amid fears of possible liquidation in June. Twenty l...
  • Chinese hotel group GreenTree sees a 33% drop in Q1 revenue2020-06-06

    GreenTree Hospitality, a major hotel company in China, reported that its first-quarter revenue dropped 33% this year to RMB 157 million (USD 22 million), having been severely impacted by the outbreak of COVID-19. Net income decreased 110.6% to a net loss of RMB 14 million (USD 2.0 million). RevPAR plummeted 44.1% to RMB 71 and occupancy declined to 47.3% i...
  • Flights from China to US drop 95%2020-06-07

    The US Transportation Department will relax its previously-announced ban on Chinese passenger flights in the coming days to allow some flights to continue, reported Reuters, citing US government and airline officials. Washington announced earlier that it intended to bar the Chinese airlines from flying to the United States by June 16 due to China's curbs o...
  • Hong Kong travel agencies are preparing for the return of tourism2020-06-08

    The extension of restrictions on movement in and out of Hong Kong has not stopped travel agencies from making preparations for the day when tourism can finally return, while Covid-19 continues to stifle the industry. Hong Thai Travel Services is already offering 20 per cent discounts for its “early bird packages” starting from September to the first quart...
  • TravelSky adds China Eastern as investor of App; Airbnb China sees recovery2020-06-14

    China's airline IT service giant TravelSky said its previous agreement to sell a stake in its mobile app unit to a couple of investors including China Southern Airlines is now terminated and replaced by a new deal to add new investor China Eastern Airlines....
  • Bailout of Hong Kong's Cathay Pacific gets investors' scrutiny2020-06-14

    After the Hong Kong government said it would spend about USD 5 billion to bail out Cathay Pacific, analysts remained skeptical on the company's long-term outlook, even though the rescue plan will address some short-term cash issues. Analysts noted that the airline's problems will linger because a swift rebound in global aviation travel, which has been dented...
  • Customized travel agency Shijiebang goes under2020-06-15

    Another renowned travel agency in China have gone bust under the sustained impact of COVID-19, but the pandemic may not be the only reason for its demise. ChinaTravelNews learnt that employees from Shijiebang.com disclosed on June 10 that the company had suspended operation due to the impact of COVID-19. Xinyu Zhao, founder of the well-known customized outb...
  • Maldives, China agree to bypass quarantine for returning Chinese tourists2020-06-27

    Maldives and China are agreeing on the "fast lane" arrangement will enable Chinese travelers to fly back home from the Maldives without having to serve quarantine periods of up to 14 days after their return. Instead, they must take a Covid-19 swab test 48 hours before departure from the Maldives and after they land in China. Maldivian president Ibrahim Moh...
  • Park Hyatt Suzhou profile2020-06-29

    The Park Hyatt Suzhou is a great choice for guests looking for accommodation in Suzhou, having been recently opened in 2020. Boasting a convenient location, the hotel is just 5km from Suzhou Industrial Park Railway Station and 46km from Sunan Shuofang International Airport. Just a short walk from Xinghu Jie Metro Station, traveling to most city destinations ...

Niccolo Hotel

Building 3, International Finance Center, No. 1, Section 3, Hongxing Road