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Chinese real estate company buys luxury travel firm A&K for $412 million

Neo Dynasty, an overseas subsidiary of Chinese real estate and investment company Zhonghong Group, has closed the acquisition of 90.5% stake in luxury travel firm Abercrombie & Kent for $412 million.

10/17/2017|10:50:07 AM|ChinaTravelNews

TravelDaily China-ITB Asia Session on China’s unprecedented growth

“Breaking through in a New Era” is the main theme of TravelDaily China-ITB Asia Session to highlight China’s unprecedented growth in travel and its importance to the global industry.

10/12/2017|10:43:54 AM|ChinaTravelNews

China gains 28 million visitors and $66.8 billion tourism receipt in 2016

A China Tourism Academy report shows that China's inbound tourism receipt steadily increased 5.6% to $120 billion in 2016, resulting in a tourism trade surplus of $10.2 billion.

10/10/2017|2:22:57 PM|ChinaTravelNews

Chinese airlines carry 12.95 million passengers during 8-day holiday

Chinese airlines have carried a total of 12.95 million passengers during the National Day holiday, an increase of 14.6% from the same period last year. The average passenger load factor was over 80%.

10/09/2017|7:25:41 PM|ChinaTravelNews

How will OTAs cash in on the search windfall of WeChat?

WeChat has replicated Baidu’s formula in creating the volume of flow with its searching function, but its advertising model on Tongcheng, eLong and other advertisers remains to be seen.

09/30/2017|10:10:37 AM|ChinaTravelNews

AI travel solution provider 52CX receives 50 million yuan in angel round

AI travel solution provider 52CX has acquired RMB 50 million in its angel round of financing, which was led by Hede Wanjia Fund and backed by Long Lv 365.com.

09/30/2017|5:09:56 PM|ChinaTravelNews

Alipay promotes smart tourism with global partners

Alipay, the world’s largest online payment platform, recently announced an upgraded smart outbound tourist service platform at a meeting of ecosystem partners from over 20 countries in Beijing.

09/30/2017|9:21:39 AM|Nasdaq

Outward bound and travel platform Hiyo completes a ¥14 million angel round

Targeting young travelers, Hiyo develops its products around the concept of “minimal transportation, short distance”, and plans its content around socializing, relaxation and entertainment.

09/29/2017|1:43:13 PM|ChinaTravelNews
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