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Ctrip commits financing for immigration and real estate platform Hinabian

The proceeds will be earmarked for implementing overseas business, and Ctrip will gear up its global business reach by providing open access for Hinabian.

08/20/2018|2:38:12 PM|ChinaTravelNews

Fitness brand Hyperfit funded for hotel fitness reinvention

Though an emerging player in the market, Hyperfit has maintained an in-store conversion rate of 80% and a repurchase rate of over 80% through word of mouth. The numbers are still growing.

08/20/2018|8:53:24 AM|ChinaTravelNews

Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more

Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.

08/19/2018|3:54:23 PM|ChinaTravelNews

Economy hotels form 87.3% of China’s accommodation supply in 2017

By the end of 2017, China registered 457,834 accommodation facilities and 16,770,394 guest rooms. About 69% of them were hotels and 31% were alternative accommodations.

08/16/2018|8:33:13 AM|ChinaTravelNews

Travel photographer firm Roto Travel receives tens of millions of yuan in funding

Mr. Haijun Hang, founder and CEO of Roto Travel, believes that the overseas photography market will grow to be worth more than ten billion yuan.

08/15/2018|8:47:58 AM|ChinaTravelNews

Ctrip-invested Tongcheng Tourism leads funding in Mehood Hotel

Mehood expects to add 300 hotels to its inventory and launch 150 hotels by the end of this year, and increase the number of its hotels to 1,500 and open 1,000 hotels by 2022.

08/14/2018|4:16:20 PM|ChinaTravelNews

Finalists of 2018 China Travel Innovation Award revealed

The finalists will present their innovative products or solutions on trip planning, digital innovation models, train ticketing, intelligent hotel solutions, AI-powered interaction or dynamic packaging technologies.

08/14/2018|9:03:59 AM|ChinaTravelNews

Fliggy joins hundred-million-yuan funding in intercity transport service firm Bus365

Bus365 can better reach the 500 million users of Alibaba’s C2C branch Taobao with its offline outlets, and connect with the air and train tickets, hotels and vacation packages on Fliggy.

08/13/2018|5:00:59 PM|ChinaTravelNews
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