In 2018, Stateside Adventures tripled the number of enrolled students year on year. The gross profit margin was nearly 50%, and the operating revenue was about RMB 30 million.
Japan is the fastest growing tourist destination for Chinese travellers and is already one of the largest destinations of Thomas Cook China’s outbound business.
Spending by international visitors in the US dropped nearly 1% largely due to stagnating visitor arrivals from China; OYO China CFO said that the firm will think through profitability models in China.
GreenTree said that "there will be potential collaboration opportunities between the two companies" in the mid-scale to upscale hotel segment.
There is still much room for cross-brand synergy or consolidation under the umbrella of Alibaba.
Ctrip believes its strong foundation and the rise in the urbanization rate offer the company an opportunity to strengthen its presence in the Chinese market.
With differentiated brands, products and customers, the Chairman and CEO of Fosun Tourism sees more synergy than competition.
Ctrip and Trip.com will utilize Rezdy’s live-inventory management platform which maximizes access to markets around the world.