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Homestay booking platform Muniao completes B+ round financing

China’s short-term home-sharing startup Muniao has completed its B+ round financing. The new investors are Quan Funds, Oriental Fortune Capital, Innovation Angel Funds, Plum Ventures and Max Capital.

11/08/2017|7:26:26 PM|ChinaTravelNews

Outbound travel service provider Phoenix Tours closes RMB 700 million C round

Outbound travel service provider Phoenix Tours announced that it has received RMB 700 million in its C round financing. It will continue to balance supply and demand with the funds raised.

11/07/2017|10:41:32 AM|ChinaTravelNews

Jin Jiang hotels’ operating revenue stands at RMB 10.03 billion

In January-September, Jin Jiang International Hotels netted RMB 10.03 billion in operating revenue, up 32.86%, and the net profit attributable to the listed company was RMB 712 million, up 40.75%.

11/03/2017|9:08:35 PM|ChinaTravelNews

Asia Pacific business travelers most worried about safety and security

A Carlson Wagonlit Travel research found that more than half (56%) of Asia Pacific travelers are concerned about safety and security, while their counterparts from other regions are less worried.

11/03/2017|11:14:36 AM|CarlsonWagonlitTravel

Xiaozhu co-founder anticipates profit in 2018 and moots listing plan

Xiaozhu has been operational online with clear transaction scale and business model, and the possibility of going public is becoming clearer, though no timetable has yet been set.

11/02/2017|4:52:25 PM|ChinaTravelNews

Ctrip ticketing revenue grows 41% to $515m aided by Skyscanner

Ctrip's net revenue rose 42% to RMB 7.9 billion in the third quarter of 2017. Air tickets sold by the company's international unit continued to grow at a triple-digit percentage rate.

11/02/2017|10:39:30 AM|ChinaTravelNews

Ctrip to further global expansion by acquiring US travel site Trip.com

Ctrip has acquired US travel booking platform Trip.com (formerly Gogobot). It’s worth noting whether the search functions of Trip.com will be merged with Skyscanner’s.

11/02/2017|6:10:07 PM|ChinaTravelNews

ITB Asia: Connecting global tourism brands and Chinese millennials

About 150 executives from Ctrip, Meituan Travel, Shiji, Maritim Hotels, Hotelbeds, Saber, Yearth Group and other enterprises have shared insights into Chinese outbound tourism and marketing technologies.

11/01/2017|2:44:01 PM|ChinaTravelNews
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