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China’s domestic tourism growing faster than outbound traffic in H1 2017

Outbound travel from China showed slower growth in the first half of 2017, while an increasing number of travelers are turning to domestic travel and pursuing quality and immersive experience.

08/20/2017|11:05:16 AM|ChinaTravelNews

Overseas independent travel provider RRUU raises RMB 35 million

RRUU has recently received RMB 35 million in its A+ round financing and is to complete the B-round financing later this year.

08/18/2017|3:19:00 PM|ChinaTravelNews

China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition

China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.

08/17/2017|8:00:45 PM|ChinaTravelNews

Spring Airlines reports operating revenue of RMB 5.065 billion in H1 2017

Spring Airlines reported operating revenue of RMB 5.065 billion in H1 2017, up by 28.1%. Net income was RMB 554 million, down by 25.15%. Ancillary revenue increased by 23.6% to RMB 409 million.

08/17/2017|7:13:48 PM|ChinaTravelNews

Tuniu trims net loss to $39.9 million in Q2 2017

Tuniu's revenues from packaged tours rose 57.7% to USD 50.1 million in the second quarter. Net loss was further narrowed to USD 39.9 million, compared to net loss of RMB 756.9 million in Q2 2016.

08/17/2017|9:47:28 AM|ChinaTravelNews

Mainland Chinese tourists sought-after having spent $33 billion in US

China continued to reign as a top visitor source market for the US in 2016, as the number of visitors from mainland China grew by 15% to 3 million and their total spending increased by 9% to $33 billion.

08/16/2017|11:09:49 AM|ChinaTravelNews

Homestay management platform “Ebnb” raises RMB 20 million

Ebnb applies its specialized management capabilities to standardize the quality of homestay hardware and service in answer to prevalent issues of C2C homestay platforms.

08/15/2017|11:54:56 AM|ChinaTravelNews

Plateno Group’s Wowqu raises RMB 50 million in Pre-A round

Plateno's apartment rental brand Wowqu announced that it had received RMB 50 million in its Pre-A round financing backed by 58.com, a Chinese classified advertisement website.

08/11/2017|5:56:06 PM|ChinaTravelNews
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