LN Holdings reported operating revenue of RMB 303 million in 2016, down by 0.99% YoY. Net profit dropped 21.96% to RMB 30.61 million during the time.
Shanghai-listed film company China Film plans to invest RMB 70 million for cooperation on Kanas film and culture thematic tourism project in Xinjiang.
China’s bike-sharing war will spread beyond the country this year with Mobike planning to more than triple its coverage to over 100 cities worldwide by the end of 2017.
HNA Holding Group, Hong Kong-listed unit of Chinese conglomerate HNA Group and owner of Hainan Airlines, has posted a sixth consecutive year of financial losses.
Marriott has introduced its independently-branded upscale hotel the Shanhaitian Resort Sanya to China, following an earlier Chinese debut of its Tribute Portfolio collection last month.
Tencent continued its reign as China’s most valuable brand, rising 29% to be the first 100-billion-dollar brand while Ctrip ranked 38th in the Chinese companies with a brand value of USD 2,260 million.
Outbound local tour platform Woqu announced that it has merged with Lulutrip, a travel service for overseas Chinese tourists. Meanwhile, it has raised USD 25 million in its series B+ round funding.
Hilton will see a substantial increase in hotel properties in China in the next few years, as it is currently developing 234 hotels on top of the more than 90 hotels in operation in the country.
Interesting move by Royal Caribbean as it looks to compete head-on with the likes of Viator with the launch of a standalone brand – GoBe – for activities.
Hotel booking application HotelTonight has secured a $37 million funding round – it’s first big capital deal for over three years.
Kieron Branagan, CEO of OpenJaw, a travel tech firm and subsidiary of TravelSky, reflects on innovation strategies for the airline business, based on external research as well as the company's internal efforts.
Boom Supersonic, a Colorado startup that is developing a new class of supersonic commercial aircraft, has raised USD 33 million in Series A funding.
The eye-tracking study confirmed that the addition of the business listing box and metasearch tool of Google appears to keep eyes focused on paid areas of the SERP for a longer period of time.
PlacePass, a newbie in the world of metasearch for tours and activities, has caught the eye of global hotel giant Marriott.
Airports are keen to improve the passenger experience and remove some of the barriers for travelers in the process.
India-based late-booking service RoomsTonite has withdrawn its mobile App and is showing no signs of life.
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