China's three biggest airlines are poised to report losses totaling RMB 8.5 billion from currency swings this year as a weaker yuan proves a drag.
Since the two in-house Disney hotels in Shanghai can hardly meet the demand for accommodation, real estate developers are investing heavily in hospitality projects.
Dalian Wanda Group aims to challenge Walt Disney Co. and become the world's largest entertainment giant by creating a USD 9.5 billion tourism complex in eastern China.
Ocean Link, the first private equity firm focused on the fast-growing travel and tourism sector in China, today announced its strategic partnership with Ctrip and General Atlantic.
Sustaining growth rate has remained Tuniu’s major forte, but can cost control, association with HNA and the GMV of travel products uplift the overall margin going forward?
Beijing Capital International Airport recorded RMB 905 million net profit in the first half of 2016. Passenger throughput reached 45,596,155 person-times.
Shanghai Disney Resort will change ticket prices from RMB 499 (USD 75) charged during peak season to regular price of RMB 370 from September as summer vacation ends.
Chinese cruise passengers grew 40% in 2016 to 986,000. Throughout Asia, capacity grew 51%; next year, capacity on oceangoing ships in the region will reach 3.2 million.
Qantas Group’s low-fares airline, the Jetstar Group, recently reported record underlying EBIT of USD 452 million, up 97% for fiscal year 2016.
Loyalty schemes have been front and centre in advertising campaigns from the large hotel chains this year, as they look to increase their proportion of direct bookings.
Over the past couple of months, TripAdvisor has been participating in Google’s hotel metasearch program.
Enrolments are significantly up as are points redemptions since the launch of Your Rate and direct booking grew by two points.
The Aloft Hotels brand is trying another tech-heavy initiative to position itself as a forward-thinking chain: voice-activated room services.
Expedia, Inc., is the first online travel intermediary to begin displaying a hotel chain’s discounted loyalty rates next to standard rates. It’s also the first to cheerlead for a hotel’s own loyalty program.
TripAdvisor has acquired Citymaps, a New York City-based, social-mapping startup.
While some analysts say the company faces increasing competition from larger rivals that have stolen its playbook, HotelTonight says it became profitable in April, continues to grow and is even eyeing a possible public offering.
ChinaTravelNews is a wholly owned subsidiary of
©2016 TravelDaily Inc. Web Analytics supported by