PE firm to buy HNA Group's US unit in $7.2 billion deal; OTT Airlines applies for Chinese air transport licence.
Tourism website Mafengwo releases new travel tips product; Chinese tourists will lead the way of short-haul travel.
The metasearch platform recorded more domestic hotel bookings in September this year than it did last year.
JD, China Southern Airlines launch ship-to-home luggage service; Travel agencies in China handle over 10 million domestic trips in Q2, down 79% from last year.
HNA Technology acquired 100% shares of Ingram Micro in December 2016 for USD 5.98 billion, the majority of which was borrowed money from banks.
China’s domestic traffic was down just 1.4% in October compared to October a year ago.
Around 7.8 million travelers joined organized domestic tours in the second quarter this year, 83% less than the same period last year.
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
