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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

BTG reports 550 million yuan net profit in first 3 quarters of 2017

BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.

11/01/2017|1:18:49 PM|ChinaTravelNews

Alibaba founder invests in Airbnb’s China rival Xiaozhu

Chinese house-sharing platform Xiaozhu.com raised $120 million in its latest financing round backed by Alibaba founder Jack Ma's Yunfeng Capital, making it a billion-dollar unicorn startup.

11/02/2017|7:33:32 AM|ChinaTravelNews

Vpon decodes the digital footprint of mainland tourists

Countries in Asia-Pacific remain the top destinations of mainland Chinese tourists, while a number of provinces of the new 1st-tier cities become popular, along with Beijing and some coastal regions.

10/31/2017|4:31:11 PM|Vpon

UCAR to acquire 14.54% of CAR Inc. for RMB 1.917 billion

China’s chauffeured car service provider UCAR announced its plan to buy 318 million shares of CAR Inc., a provider of car rental services, for HK$ 2.262 billion (RMB 1.917 billion).

10/30/2017|10:50:08 AM|ChinaTravelNews

UTour net profit drops 13.79% in first 9 months 2017

In the first three quarters of 2017, UTour generated RMB 9.224 billion in operating income, and net profit attributable to shareholders was RMB 182 million, down 13.79% year on year.

10/27/2017|6:41:17 PM|ChinaTravelNews

DerbySoft, Hotelchamp join forces in name of direct bookings

Travel distribution service firm Derbysoft and hotel direct-booking technology provider Hotelchamp announced a partnership to increase and convert hotel website traffic.

10/26/2017|3:50:47 PM|DerbySoft

Ride-booking App Shouqi secures RMB 600 million B round

China’s ride-booking App Shouqi Limousine & Chauffeur has secured RMB 600 million from a subsidiary of China Oceanwide Holdings Group, which now holds a 11.67% stake in the company.

10/26/2017|3:44:15 PM|ChinaTravelNews
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