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Parent of China Southern receives $4 billion cash injection for overseas expansion

Parent of China Southern receives $4 billion cash injection for overseas expansion

The proceeds will be used primarily to boost China Southern’s core air transport business, and “in line with the Belt and Road Initiative and the Guangdong-Hong Kong-Macau Greater Bay Area strategy”.

07/22/2019|10:24:36 AM|SCMP
Online travel firm Tongcheng-Elong launches OYU Hotel franchise network

Online travel firm Tongcheng-Elong launches OYU Hotel franchise network

OYU hotels offer average rooms rates ranging from US$19 to $34 per night. The group aims to have a total of 2,500 hotels by the end of this year.

07/22/2019|9:46:03 AM|ChinaTravelNews
Fliggy offers attractive installment payment plans for young travelers

Fliggy offers attractive installment payment plans for young travelers

Fliggy has launched a new service allowing people to purchase air tickets by installment with zero down payment, which helps to lower the financial threshold for young people to travel the world.

07/20/2019|9:39:31 AM|ChinaTravelNews
China's civil aviation profits fell in first half on economy, oil prices

China's civil aviation profits fell in first half on economy, oil prices

The total profit of the sector fell 2.4 percent to CNY31.6 billion (USD4.6 billion) in the first half of this year.

07/19/2019|2:28:14 PM|Yicai Global
Chinese tourism to Japan rises 11.7% despite new tax as visa process goes digital

Chinese tourism to Japan rises 11.7% despite new tax as visa process goes digital

Japan introduced a new departure tax of JPY1,000 (USD9.20) at the beginning of the year, applicable to all travelers leaving the country, but this has done little to dent tourism numbers.

07/19/2019|2:12:20 PM|Yicai Global
Hong Kong tourism suffers a short-term, short-haul set-back

Hong Kong tourism suffers a short-term, short-haul set-back

In the four-week period from June 16 – July 13, flight bookings to Hong Kong from Asian markets fell by 5.4% on the equivalent period last year.

07/19/2019|2:04:53 PM|Forwardkeys
Marriott CEO on US-China trade war: 'Anxiety levels' are up

Marriott CEO on US-China trade war: 'Anxiety levels' are up

Marriott has 310 deals signed for new properties in China. Marriott currently operates 346 properties in the country.

07/19/2019|9:56:08 AM|Yahoo
India's dark horse hotelier Oyo to invest USD600 million in China

India's dark horse hotelier Oyo to invest USD600 million in China

Of its USD600 million investments in China, USD100 million will go to recruitment, customer experience, quality and systemic improvements to promote Oyo's further growth.

07/18/2019|12:03:47 PM|Yicai Global
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