Can’t bear to see，But we have to face it，List of 188bet login enterprises (projects) bankrupt (including on the verge of bankruptcy)，Continuously lengthening。

If counting from February when the epidemic outbreak was severe，so far，Incomplete statistics， domestic and international，Globally，188bet login Area、Theme Park、Performing Arts、Travel agency (comprehensive service provider of tourism products)、Accommodation、Many companies in the cruise and aviation sectors have gone bankrupt，Or standing on the edge of bankruptcy。

These companies vary in size，There are many companies with a century-old history，There is no shortage of former industry leaders，"Treat everyone equally" during the 188bet login，The biggest crisis in a century。

Of course，For some companies，The epidemic only gave a relatively "honorable" exit opportunity，Under the long-term effects of crisis or long-term abuse，There is no "fatal blow" caused by the epidemic，Bankruptcy may be a matter of time。In their existing development history and latest trends，It is not difficult for us to get a glimpse of the impact of cultural 188bet login industry trends on them。

188bet login incomplete statistical list，No bad-mouthing intention，Only make a true record。

According to the latest "World 188bet login Barometer" recently released by the World 188bet login Organization，its prediction states，Affected by the epidemic，The number of global international tourists in 2020 will drop by 58% to 78% compared with last year，Decrease 8 year-on-year.500 million to 1.1 billion people，Economic losses reached 910 billion to 1.2 trillion US dollars，Affects 100 million to 100 million jobs directly related to 188bet login200 million。

So sad.

The fatal expansion of 188bet login

Yangzigou、Langya Mountain is a national 4A-level 188bet login spot，Already at a relatively high level among A-level 188bet login spots，It is the part near the top of the tower，Their recent (border) bankruptcy，People are a little caught off guard，But not too unexpected。

188bet login spot construction、Expansion，Requires a lot of funds (mainly from bank loans、Private lending) investment，But due to excessive expansion later、Poor operation、The combination of debt pressure and other factors has led to a desperate situation，Of course, the epidemic is also one 188bet login key factors.

We mainly focus on two key points to get a rough glimpse 188bet login real situation。

Why do 188bet login pursue continuous investment and expansion?

Yangzigou 188bet login Area official website information display，It is located in Xincheng District, Luanchuan County, Luoyang City, Southern Province，110 kilometers from Luoyang City，240 kilometers away from Zhengzhou City，Is an important part of Funiu Mountain Global Geopark，Because the famous heroine Fan Lihua camped here during the Zhenguan period of the Tang Dynasty、Adopted son、Named after teaching his son。This 188bet login spot also has the "Sanqing Palace", which is known as a unique place in the Central Plains，It is a grotto carved on the boulder on the top of the mountain at an altitude of 1668m during the Zhenguan period of the Tang Dynasty。

Langya Mountain 188bet login Area official website information display，It is located in the southwest of Yixian County, Baoding City, Hebei Province，Nearly 60 kilometers from Baoding，With Beijing、Tianjin、Shijiazhuang is about 200 kilometers away by car。This 188bet login spot also has unique landscape resources，is a national forest park，There are also cultural resources，Became a national-level patriotism education base due to the story of the "Five Heroes of Langya Mountain"、One of the top 100 red tourist attractions in the country。

roughly speaking，Yangzigou、The natural resources of the two Langya Mountain 188bet login spots became the main foundation for their respective start-ups (including later extension to leisure tourism)，Cultural resources provide the possibility to create more experiential projects，Located near a big city，This is the main source of customer base。

The expansion of traditional 188bet login spots has active and passive components.On the one hand，The 188bet login area’s own landscape resources are quite outstanding，In addition, there are certain historical and cultural resources to be explored，It makes sense to further build and utilize products to create more products，There is an inherent need to upgrade，This will also help expand the revenue boundary of the 188bet login spot，Extend the consumption chain；For example, the Langya Mountain 188bet login Area has red tourism、Ice and snow tourism resources，In Patriotism Education、In the context of the Winter Olympics and so on，Invest and expand in these projects，Normal choice；

On the other hand，Changes in user consumption needs，In addition, competition from surrounding projects has increased，Shunt pressure goes up，Under single revenue model，Invest in building and upgrading your own scenic spot，It is also necessary to improve competitiveness。Some of the top scenic spots in China are looking to "go down the mountain"，Seeking new business growth channels，It is not difficult to think of the pressure on these 188bet login。

The resources of 188bet login are not the most outstanding (most of the best resources are in the hands of state-owned enterprises)，But revenue pressure and motivation to make money are relatively the greatest。The interaction of these factors，Under the "pressure + motivation" of private scenic spot owners, it is inevitable that they will go to war against the scenic spot。

Where does the money come from to expand reproduction in 188bet login?

188bet login are basically two ways: bank loans and private loans.There are few collaterals in 188bet login spots，The revenue model is relatively simple、Long return period，It’s not easy to get a loan from a bank，And asset securitization is not something that can be played in ordinary 188bet login spots；Private lending is relatively easy，But the interest is high，Easy to eat up profits，Operation under load，Work for others，Said to be "dancing on the tip of a knife"，It’s not an exaggeration。Think about the fact that the monthly interest on private funds borrowed by the actual controller of Longtan Grand Canyon, which went bankrupt last year, was 1.5%、2%、3%。The maximum loan interest rate under existing law is 36% annual interest rate，That is, the monthly interest rate is 3%。

188bet login spot investment is waiting to start， Go down the above two roads，Private loans have the upper hand。The main reason why Zhongkai Group, the operator of Langya Mountain 188bet login Area, is on the verge of bankruptcySome private lenders withdraw their capital，causing continuous concentrated runs，Causing the group’s capital chain to break。

According to public reports，Yangzigou 188bet login Area only has known debts of more than 100 million yuan，Mainly bank loans，There are also some private loans。Another possibility is that the real debt of the 188bet login spot may be much higher than this，More private loan debts have not yet been disclosed。

The current situation of Langya Mountain 188bet login Area is better than that of Yangzigou，Because the Yi County Government is preparing to "take over"，An important reason here may be related to the earlier decision to build a 5A-level 188bet login spot in the Great Langya Mountain，“5A” is what many 188bet login spots strive for？

There is one more detail，Qichacha Display，Lu Zhongkai, the legal representative of Zhongkai Group, is the 100% controlling shareholder，This is an exclusive benefit、At your own risk，But in the end, he had no choice but to give 188bet login up。

Mentioned in the official announcement of Yixian County，Zhongkai Group’s “low-end and extensive management”，Enterprise development is seriously unbalanced"，Borrow money from others，When your abilities do not match your goals，The "thunder" has been laid，This is the key point to the end of 188bet login。

The leader blindly spreads the scale，But lacks the ability to create innovative products、Continuously refine operational capabilities，Failed to form sustained and effective "hematopoietic" ability，Let many 188bet login spots go bankrupt。

Both are difficult, but luck is different and destiny is forked

Ocean Park in Hong Kong, which has been in operation for 43 years, is currently facing the risk of bankruptcy，Local government departments have applied for an allocation of HK.4 billion to help them bail out，But when will this allocation be approved and released，Unclear。If 188bet login’s June this year，Ocean Park failed to receive any funding assistance，High possibility of bankruptcy。

The operating costs of Ocean Park are much higher than those of ordinary theme parks，The diet of marine animals、Sustaining、Training、Loss, etc.，Add manpower、Equipment maintenance and other costs，Quite expensive。Ocean Park Chairman Kong Lingcheng revealed that Ocean Park’s monthly expenses are as high as 1.400 million yuan，Closed for three months，Liquidity decreased by about 700 million yuan，Facing the most severe financial challenge ever。

Such severity is 188bet login related to Ocean Park’s own operations，Theme park competition is becoming increasingly fierce (for example, more theme parks appear in the Guangdong-Hong Kong-Macao Greater Bay Area)，The pattern of tourists visiting Hong Kong has changed from tour groups to individual travelers and family travelers，In addition to some other factors that everyone knows，Passenger flow is becoming increasingly pessimistic。

To attract more customers，Does Ocean Park Hong Kong 188bet login adopt a universal approach?，Update device，Investment and construction of new projects，Add new product and new experience supply，But the impact of internal operations and external situations，The effect is not obvious，Pushing up debt，Continuous losses，A virtuous cycle has not yet been formed。

There is a high probability that the government’s “life-saving money” 188bet login be received，But Ocean Park Hong Kong 188bet login only temporarily suspend the crisis。

Compared，Cirque du Soleil, known as "Canada's national treasure", no longer has such luck。

March this year，Cirque du Soleil, which has been established for 36 years, has encountered its biggest crisis，Announced 95% layoffs，Only the core support team remains，188bet login was later revealed that he was studying a debt restructuring plan，Including possible bankruptcy filing。

Cirque du Soleil once redefined circus performance (performing arts)，Formed its own industry barriers，But facing the 188bet login crisis，But there is basically no way to fight back。

Under the halo，Cirque du Soleil actually has several key dependencies:1、Derivatives earnings are rising，But there has been no substantial breakthrough yet，A single revenue model that 188bet login relies on tickets；2、The marginal effect of content is not high yet，Online expansion has not achieved substantial results，Still dependent on offline performances；3、The content creative industry relies heavily on talents、Creative Output，Reinvestment is the key，But the rate of return is not high，In turn, borrowing for expansion 188bet login lead to more hidden dangers, etc.。These are under the 188bet login，It is a very direct weakness，Even fatal。

Extended from these "dependencies"，Even if there is no 188bet login，With changes in consumer demand、Addition of new projects, etc.，Cirque du Soleil’s existing model and capabilities will become less sticky in the market，If you change the mode，Another risk。Between left and right，It’s not easy to handle。

The fatal blow 188bet login epidemic

End of February this year，Baicheng Travel Network is deeply affected by the 188bet login，Funds cannot keep the company running，The shareholders’ meeting decided to close the company and initiate liquidation preparations。

Public information display，Baicheng Travel Network was established in August 2000，Is one 188bet login leading O2O operators in the outbound independent travel segment，Have received investment from Alibaba and others，Also listed on the New Third Board，Its core business entrance is visas，The model is "visa as runway"，Extended destination (pick up、Tickets、Day Tour) Service、Free travel package service、International air tickets and international hotel services and for families、Customized overseas travel services based on social groups。

Baicheng has been pursuing online and OTA transformation,But 188bet login subject to multiple factors such as online dividends and market structure，It costs a lot，But the overall transformation is not a success。At the same time，Weak barrier attribute of visa，188bet login also caused its main camp to be invaded by other big and small giants，The business crisis is deeper。

Also，Baicheng suffers losses all year round，Including 2016-1st half of 2018，Loss 4510 respectively.810,000 yuan、2795.450,000 yuan、1285.60,000 yuan。Overall, the situation has not improved。And the 188bet login broke out，Domestic and overseas tour groups suspended at the end of January，Business Suspension，Cancellation and change orders are arriving。Baicheng as the channel end，First to be affected，Unable to bear it，Opt out。

Beijing China 188bet login Service Co., Ltd. (referred to as "Beijing China 188bet login Service"), which is also a channel end, also recently announced the suspension of operations、Discontinued，Except for suspension、Except for personnel who need to provide operation and maintenance during the suspension of production，Other employees are staying at home，1,540 yuan per month for unemployed employees。The main reasons are the four-year loss and the impact 188bet login epidemic.

Beijing CTS has its special characteristics，It was established in 1956，Not only one 188bet login first travel agencies in China with qualifications for outbound travel and domestic travel，It is the first professional international travel agency in China to welcome overseas tourists to China。

Based on the current 188bet login situation and domestic policies，Beijing CTS’s “vitality” is restored，There is basically no hope for this year or even the first half of next year。

Everyone is treated equally regardless of their seniority or qualifications due to the impact 188bet login epidemic.

Outbound 188bet login is "frozen"，Let Tempus International, a leading outbound 188bet login company that has been on the market for 10 years，Also walking on the edge of bankruptcy crisis，its public、Hidden contradictions and disadvantages，More exposure to the public。

Tempower 188bet login suffered a huge loss of 1.6 billion in 2019，Net profit plummeted 1041%。A very direct reflection of living conditions。

General summary,The cross-circulation effect of three aspects of Tempus 188bet login’s factors，Leading to the current fate:

1、A large number of continuous mergers and acquisitions to achieve large scale，188bet login looking for more sources of revenue，But I don’t have enough funds, so I have to issue a large amount of bonds,Resulting in high debt、High pledge；2、The "big 188bet login circle" chain established by a large number of mergers and acquisitions，Big and impractical，188bet login are disadvantages in the operating model;3、Business chain synergy is not enough,Revenue and net profit rose，But profitability is weakening，Low ability to continuously make money，Insufficient endogenous hematopoietic ability。

Latest information，Qiao Hai, general manager of Tempus 188bet login, was fired，And Qiao Hai in his statement，think Zhong Baisheng、Duan Naiqi and Gu Yong are the ones who should be responsible for the current situation of Tengbang 188bet login。These three people are the chairman and the original actual controller of Tempus 188bet login respectively、Executive President of Tempus 188bet login、Tempower 188bet login Financial Director。

The "civil strife" has not stopped, and the crisis is approaching. How 188bet login Tempus International proceed?

A big crisis for a century-old enterprise

The branches and veins are the same, and the destiny is connected.The bankruptcy crisis caused by the 188bet login is unfolding around the world，Travel agency、Accommodation、Travel (Cruise、Aviation、Rent a car) etc.，Everyone is affected。

Due to the impact 188bet login epidemic，Tour group canceled，China Tour Co., Ltd. in Hamburg, Germany applied to the local court to enter bankruptcy protection on February 21st。The company has been operating in Germany for more than 20 years，is a professional Chinese travel agent in Germany and a Chinese inbound travel company in Germany。

Early March，Japan’s Kobe Luminous Cruise Line announces filing for bankruptcy，This is the first cruise company to declare bankruptcy since the outbreak。Previously，The cruise line was hit by an earthquake、The impact of typhoons and fuel prices，The 188bet login has accelerated its departure。

188bet login around March，Japan’s 64-year-old long-established hotel “Fujimiso”，Due to the sharp decline in Chinese tourists among mainstream residents，Tour groups are being canceled one after another，Coupled with high costs，Reluctantly declared bankruptcy。

According to foreign media news，If the debt cannot be restructured，And the grace period for outstanding payments cannot be extended，Hertz Car Rental, founded in 1918, will file for bankruptcy。The company currently has more than billion in debt。Low demand during the 188bet login、A large fleet and high costs，In addition, the price of second-hand cars has plummeted (if you buy a car, the price will also shrink a lot)，Hertz can hardly carry on anymore，Previously，It has laid off 10,000 people in North America。

The airline 188bet login crisis is even worse.

According to public information，March 5，British Airline Flybe declares 188bet login，All flights suspended，UK business ceased trading。And on the 4th，The company’s negotiations with the British government broke down，Government refuses £100m state loan to airline。

Flybe is Europe’s largest independent regional airline，But since its launch in 2010，Due to poor management，Having been at a loss for 10 years，Same，The 188bet login brought a direct critical blow。

April 21，Virgin Australia, Australia’s second largest airline announced，The plummeting demand for air travel caused by the 188bet login and its own high debt，The company will enter voluntary administration，To recapitalize and improve financial position。

And recently，Due to huge liquidity pressure，Latin America’s second largest airline Avianca 188bet login submitted a bankruptcy plan to the court。This is currently the second oldest，A century-old airline founded in 1919，Route covers Latin America、More than 100 cities in Europe and North America。

The 188bet login is not really gone yet，This incomplete statistical list of (on the verge of) bankruptcy，How will it change？