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Business travel spend in China to grow 6.5% annually until 2022
10/12/2018
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11:09:35 AM
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The Global Business Travel Association’s latest Business Travel Index noted that annual business travel spend in China grew from $32 billion in 2000 to around $347 billion in 2017.
Airbnb’s China foe Xiaozhu.com in talks to raise over $200 million
09/28/2018
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4:17:12 PM
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Xiaozhu’s business model hews closest to Airbnb’s. Beyond traditional accommodation, it also offers services that help homeowners improve the look and feel of property for would-be renters.
China's Airbnb Xiaozhu.com lands nearly $300 million to enhance security and service
10/10/2018
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11:15:13 AM
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Jack Ma’s Yunfeng Capital and AdvanTech Capital were the lead investors, while GIC Private, Joy Capital, Morningside Venture Capital and Capital Today also joined the investment.
GreenTree total revenues increases 20.3% in Q2 and 21.7% in H1
08/23/2018
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6:45:25 PM
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The occupancy rate was 82.6% in the second quarter of 2018, a decrease of 0.6% year-over-year. RevPAR was RMB 136 in the second quarter of 2018, representing a 4.6% year-over-year increase.
Huazhu net revenue up 25% to $381 million, occupancy rate at 89.6% in Q2
08/23/2018
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10:03:56 AM
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As of June 30, 2018, the number of hotel rooms in operation totaled 393,417, an increase of 9.4% from a year ago. Income from operations increased 53.2% year-over-year to $101.4 million for Q2.
Why the travel industry needs to embrace NDC together
09/12/2018
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9:33:51 PM
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At Amadeus, we think NDC has the potential to deliver new benefits for all players if implemented in a standard manner that truly takes the needs of all players into consideration.
YC-backed travel startup Duffel inks $4.7 million round
09/03/2018
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4:09:59 PM
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Y Combinator -backed travel startup Duffel says it is working on "a new way to book travel online, aiming at the booking experience "end to end".
KLOOK ready for further expansion and innovation with $200 million funding
08/07/2018
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3:45:22 PM
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The company is on track to achieve $1 billion annual bookings in 2018.
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