Spring Airlines, China's largest budget carrier, is determined to meet growing demand for affordable travel —— but not necessarily by flying solo
A luxury “air cruise”, which can hold up to 450 people, will only carry 86 wealthy Chinese to Kenya for $45,000 a ticket, more than 38 times the country’s gross national income of USD 1,160 per capita.
Mainland Chinese haven’t quite caught the travel bug in the way that major Chinese airlines were expecting.
China will become the world's largest cruise market by 2030, with 8 to 10 million customers each year, according to figures by the Shanghai International Shipping Institute.
Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines saw air passenger traffic rise 5%, 9.2%, 10.8% and 53.3% respectively in first half of 2017.
Cathay Pacific has recently relaunched upgrade bidding for passengers with premium economy or economy class tickets to bid on upgrades to business class seats since a trial of the service in 2014.
Ranking No. 170 on this year's Global Fortune 500 list, HNA Group is declined by Bank of America, Citigroup and Morgan Stanley amid growing concerns about its debt levels and ownership structure.
China Tourist Hotels Association has ranked Jinjiang Hotels, BTG HomeInns and China Lodging as the country’s top three hotel groups in its Top 60 China Hotel Groups ranking for the past year.
Air France plans to launch new airline brand Joon in September, aiming at a young working clientele, the millennials (18 to 35 year-olds), providing "innovative and offbeat" experience.
Indian OTA Yatra agrees to acquire travel firm ATB which has more than 400 medium and large sized corporate clients and some 700 agents, with gross annual bookings of around $230 million.
For calendar year 2016, Onefinestay’s pre-tax loss loss ballooned by 65 percent to $37.3 (£28.8 million); turnover grew by 7 percent to $22.3 million (£17.2 million). The business is still producing substantial losses under its new owner.
Juniper Research‘s latest attempt to quantify the so-called sharing economy sees it place a value on the sector of $40.2 billion by 2022, compared with this year’s $18.6 billion.
A proposal last week from Republican Senator John Thune would lower the threshold to $1,000, providing a potential new source of billions of dollars in revenue as Congress mulls major cuts to business and individual tax rates.
IATA announces progress of its New Generation IATA Settlement Systems (NewGen ISS) with the selection of Edenred and MSTS to implement the EasyPay payment solution for travel agents in more than 100 markets.
A Google survey found that 90% mobile travelers will switch to a different website or app if their needs aren’t quickly met, leaving travel companies to shift their digital strategy with targeting and personalization features.
Airbnb's value at $31 billion is just a small fraction of the hotel market. As of March, Airbnb in the U.S. reached about 6% of the hotel industry’s room supply, 4% of demand and nearly 7% of its revenue.
