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Travel & Leisure results point to rebound in China's domestic travel

Company pins hopes on rising high-end demand after $754m Q1 loss, which operates travel booking sites including Ctrip, said international travel recovery might take longer given the "uneven" COVID-19 responses in different regions.   © Reuters

PALO ALTO, U.S. -- Group, China's largest online travel operator, reported a $754 million loss in the first quarter as the coronavirus pandemic disrupted global travel, but saw a silver lining as domestic tourism rebounded and demand for high-end accomodations grew.

"In China, travel activities hit bottom in February, and have since been consistently on a recovery track," said James Liang,'s executive chairman, during the company's earnings release. The Nasdaq-listed company operates travel booking sites including Ctrip, Skyscanner and Qunar.

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