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.
Fosun Tourism & Culture Group is in discussions with domestic and international investors for its first round of capital raising to boost overseas investments ahead of flotation, said president Jiannong Qian.
Chinese group-deal platform Meituan-Dianping announced that the company has rolled out overseas accommodation service on its two major apps, offering over 120,000 overseas properties for booking, of which 25% are high-rated hotels.
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.
AppsFlyer‘s latest look at the state of app engagement shows that, on a global scale, retaining users remains challenging despite a year-on-year improvement in retention rates generally.
The Spanish Tourism Ministry is one of a number of backers for MyTripCar in its latest capital-raising efforts for “transparent” web car rental.
ChinaTravelNews is a wholly owned subsidiary of
©2017 TravelDaily Inc. Web Analytics supported by