Some 3 million visits were made by Chinese tourists to Europe in the first half of the year, marking a 7.4% rise year on year.
Most major hotel companies reported softer revenue-per-available-room growth in China during the second quarter because of the ongoing U.S.-China trade war as well as protests in Hong Kong.
Ctrip holds nearly half of the Indian online travel firm after this acquisition.
Net profit increased 1.4% to RMB 80.9 million.
The Global Class ships have been designed for the fast-growing Asian cruise market, which will see the largest increase in the number of middle-income households in the world over the next decade.
The circumstance may add another tailwind to the luxury market in Bangkok, where a tourism boom has put the city on the map for investors, especially mainland Chinese who have come in droves.
All together generating tourism revenue of RMB 2.78 trillion, up by 13.5% over the same period of last year.
Their overall spending went from double digits to a 4% increase in 2017, and a 2% drop last year.
The acquisition marks BWHR's effort to simplify distribution for its hotels by making management of technology, revenue and customer relationship, reporting and connectivity simpler and easier.
The solution tracks and accounts for commission payments owed by hotels for services booked through online travel agencies and stores it on a shared ledger.
U.S. competitors like Sonder and Lyric are operating a similar model and might also look into Europe, but "it is a very local game.”
Sabre will file its formal written response to the DOJ’s lawsuit "at the appropriate time."
Marriott, IHG, Accor and Hilton will have a significant ownership stake of Groups360 and each brand will have representation on the board.
RedDoorz CEO Saberwal wants to build a company with a valuation of $1 billion by next year, possibly $5 billion in two to three years, by which time he hopes to take RedDoorz public.
Many accommodation providers are seeing a rise in the demand, driven by an increase in ‘bleisure’, last-minute and one-night weekender travel.
Sabre said the DOJ will need to file a complaint in a federal court before the deal closes if it plans to block the purchase.
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