France's ski resort developer Montagne & Neige Developpement more than doubled in value after winning a USD 117 million order to develop a new site in China that has ambitions to host 2022 Winter Olympics events.
Tencent Holdings' founder Pony Ma joined a group seeking a loan of EUR 100 million (USD 105.7 million) to buy the Four Seasons Resort in French territory Bora Bora.
Ctrip enlisted female executives including its CEO Ms. Jane Sun to help propel the company's global ambition. But Jane said she plans no huge investment like Skyscanner deal in two years.
Operator of tailored overseas tours UniqueWay has raised RMB 50 million in its series B round from China National Petroleum Corporation (CNPC)’s investment fund.
House-sharing platform Locals announced that it has raised RMB 50 million in its Pre-A round in which ZhenFund was the lead investor.
ChinaTravelNews has learned that Beijing is finalizing legislation this year to license homestay businesses in the capital.
The world's leading cruise operators hope that China will become a major revenue source, as they look for middle-class customers to make up for the stagnant and mature American and European markets.
Nearly half a billion dollars' worth of hotel properties in Hong Kong have changed hands since the start of the year as owners see better opportunities elsewhere amid a slowdown in tourism from mainland China.
Departure Lounge, a non-traditional travel agency, is an upscale meeting place that hosts corporate happy hours, wedding receptions and memorial gatherings.
Experiences will become a selling factor for hotels and new easy-to-adopt technology will emerge and hotels will embrace it quicker in 2017.
Air France-KLM plans to invest more than €200 million on digital and data development by 2020 with a priority on better use of its data.
From one private equity owner to another – OAG has switched from Axio to Vitruvian in a deal in the region of USD 215 million.
Airbnb is projecting it will earn as much as USD 3.5 billion a year by 2020, according to sources close to the company.
Sweden-based investment company Vostok New Ventures has upped its stake in OneTwoTrip via the purchase of shares from an existing shareholder.
TripAdvisor reaped revenue of USD 1,480 million in full-year 2016, down by 1% YoY. GAAP net income for the year dropped 39% to USD 120 million.
Airbnb is on a mission to be more than a home-sharing platform. It wants to be a flight booker, an itinerary planner and a vacation-home manager.
ChinaTravelNews is a wholly owned subsidiary of
©2017 TravelDaily Inc. Web Analytics supported by