Nearly 80% of the listed tourism companies in China achieved growth in H1 2017. BTG Hotels, Caissa, CYTS and other companies saw net income attributable to stake holders surged by over 500%.
Hotel upselling services provided by the OTA helps create a complete experience on one hand and improve incomes on the other.
In H1 2017, CYTS made ¥1.652 billion in operating revenue from travel products, ¥886 million from integrated marketing services, ¥197 million from hotels and ¥784 million from attractions.
BTG Hotels reported operating income of ¥3.988 billion in H1 2017, an increase of 71.33%; net profit attributable to the parent company grew ¥227 million to ¥241 million, an increase of 1626.29%.
Net revenue rose 45% to RMB 6.4 billion in the quarter. Accommodation revenue was RMB 2.3 billion (USD 341 million), up by 30%. Transportation revenue climbed 49% to RMB 3.0 billion (USD 441 million).
Cloud-based travel distribution platform Shoukeyi has acquired tens of millions of yuan in its A round of financing from ChunXiao Capital.
The Combi-Action-Search developed by MySmark wants to convert online actions into a combined action, a collaborative filter to boost a user’s personalized experience.
Ctrip projects all time high tourism traffic in the upcoming golden week, at more than 650 million trips for domestic travel and over 6 million trips for outbound travel.