The One Belt One Road initiative attracted over 7 million visitors to China last year and 10 million Chinese travelers visited OBOR countries, up 71%, according to a Ctrip report.
Jinjiang International has transferred its 16.1892% stake in Joyu Group for RMB 969.8 million, after which it will no longer be a shareholder of Joyu.
UTour taps Xingzhou International Travel’s competitiveness in Suzhou to make up for its own lackluster performance in its Suzhou retailing business through the collaboration.
Hotel giant InterContinental Hotels Group (IHG) has launched a new hotel brand EVEN in China that aims to help travellers “keep healthy” while they are on the road.
Short-haul destinations remain the favourites for Hong Kong’s avid travelers, according to Travelzoo that promotes and sells online travel deals.
China had already achieved 40% mobile booking penetration (MBP) by 2015. It now stands at 59% and is expected to climb to a dizzying 77% by 2020, far outpacing the rest of the world.
The Chinese government has long taken a hands-off approach to the consolidation of Chinese OTAs. Today, there are more signs that this could be changing.
Chinese investment manager Citic Capital, which oversees US$21 billion of assets, has built up a 7.3% stake in Tourism Holdings, making it the motorhome operator`s second-biggest shareholder.
Source observes the integration's market share shoots up to 15% from 7-8% currently with plenty of growth opportunities, and its top leaders come from Hotelbeds, with the others below from the three.
Research shows Priceline and Expedia account for nearly two thirds of OTA global gross bookings and over 90% of the U.S. OTA market. And estimation shows Google’s travel revenues reach $2.2 billion.
Amadeus Ventures, which begun three years, has also evolved with the company moving up from two to three investments a year to three to five.
Skyscanner is shaping the platform around evolving consumer habits, from desktop to mobile to voice search, to make the transition for the future easier for airlines by integrating NDC and GDS.
Vacasa has reached 6000 properties and has bought some 60 small businesses to grow its reach in specific destinations. Its focus is to scale up inventory in the US and internationally.
With its high-style, urban camping aesthetic, incredibly affordable room rates ($149) and a variety of industry innovations, Moxy is aiming squarely at today’s modern traveler.
As one of the first employees at Booking.com, Gillian Tans has witnessed its transformation from tiny website catering to Dutch holiday-makers into the world’s biggest accommodation booking site.
Travel is a vital driver of job satisfaction, and employer’s travel program and policy are important when job applicants are deciding on new jobs.
ChinaTravelNews is a wholly owned subsidiary of
©2017 TravelDaily Inc.