Meituan shares tumbled the most in more than a year after the Chinese company warned that growth in its main meal delivery business would slow this quarter and spending on promotions rise. Strong travel demand helped the food delivery giant defy slowing growth for its core business. Meituan’s steeper-than-expected in-store, hotel and travel operating profit fall reflects heightened spending on promotions within this sector.
Sri Lanka will waive visa fees for residents of China, India, Indonesia, Russia, Thailand, Malaysia and Japan with immediate effect, according to a statement from the Department of Immigration and Emigration sent to media on Tuesday. Visitors from the above countries first need to apply for a free Electronic Travel Authorization (ETA) before arriving.
AI-powered payments network and shopping assistant Klarna has partnered with premium airline Cathay Pacific to offer fairer, more flexible payments to travelers in six countries across Europe. The agreement is the latest in a series of travel tie-ups for Klarna as the company aims to further expand into the travel sector.
Comac unveiled two variants of its single-aisle C919 jet at an airshow in Shanghai last week, according to a Bloomberg report, as the Chinese planemaker looks to broaden the model’s reach to more customers. Commercial Aircraft Corp of China Ltd., as Comac is officially known, displayed a jet capable of carrying 210 passengers in a two-class configuration, and a smaller version tailored for high-altitude airports, the people said.
Adora Cruises celebrated its maiden voyage from Qingdao on November 25, marking a significant milestone for the company’s expansion into the northern Chinese market. The Mediterranea set sail from the Chinese homeport on its way to Nagasaki and Jeju. The maiden voyage of the Mediterranean marks a new era for Aida Cruise Line in Qingdao, paving the way for continued growth and innovation in the region’s cruise tourism sector.
Myanmar's Union Minister for Hotels and Tourism Thet Thet Khine hailed the Belt and Road Initiative (BRI)'s role in boosting regional connectivity in an exclusive interview with the Global Times on Tuesday, and expressed willingness to welcome more Chinese travelers to visit her country.
On the invitation of Inspector General Police Punjab Dr Usman Anwar, a high-level police delegation of Chinese province of Jiangsu reached Lahore on a five-day visit to Pakistan. The Chinese delegation led by Deputy Director General Tan Yongsheng aimed to increase cooperation in training, security and technical areas. The experts will train the newly formed Punjab Tourism and Investment Police.
A theme park designed to give visitors a taste of exploring the jungle is set to open in 2025 in Japan's subtropical Okinawa prefecture. Junglia is slated to open in 2025, tapping nearby visitors from China and Southeast Asia.
The construction of Harbin Ice and Snow World, a renowned seasonal theme park opening every winter, is underway in northeast China's Heilongjiang, according to national news agency Xinhua.