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Outbound travel from China to Europe expected to rise 10% in 2017

Europe received 5.13 million visitor arrivals from China in 2016, up by 6.3% YoY. The arrivals number is expected to grow 10% to 5.5 million this year.

04/12/2017|1:55:15 PM|ChinaTravelNews

BTG Hotels boosts operating revenue by 389.40% in 2016

BTG Hotels saw net profit in 2016 surge 110.66% YoY to RMB 210 million. Most of the company’s hotels are in the budget range, and only 9.32% hotels in upper midscale category.

04/11/2017|10:27:20 AM|ChinaTravelNews

Theme park and travel group OCT posts 35.48 billion yuan revenue in 2016

Theme park and tourism group OCT reported annual operating revenue of RMB 35.48 billion in 2016, 10.07% more than previous year. Net income attributable to shareholders rose 48.44% YoY to RMB 6.89 billion.

04/12/2017|2:58:38 PM|ChinaTravelNews

Outbound agency Phoenix Travel invests in Australian tour operator

Chinese outbound travel agency Phoenix Travel announced that it has made a strategic investment in Grandcity Travel, an Australia-registered firm with local bus fleets and Chinese-speaking tour guides.

04/11/2017|1:33:25 PM|ChinaTravelNews

Plateno’s experiences from its international expansion

Chinese hotel chain Plateno may gradually demonstrate its own strengths in the future development as an international brand and differentiate itself from other brands under the umbrella of Jin Jiang International Hotels Group.

04/07/2017|6:57:16 PM|ChinaTravelNews

Meituan-Dianping to host speed-dating event at ITB China

China’s largest lifestyle service provider Meituan-Dianping will host a speed-dating event at ITB China 2017 to seek potential partnerships with global destinations, travel service and tech providers.

04/07/2017|2:58:12 PM|ChinaTravelNews

Jin Jiang subsidiaries transfer 100% Hubs1 equity to WeHotel

Jin Jiang Hotels announced on April 5 that the company and Jin Jiang Capital plan to transfer 100% equity interests in Hubs1 to WeHotel for a total consideration of RMB 553.08 million.

04/06/2017|11:54:39 AM|ChinaTravelNews

C2B hotel booking site WoXingWoSu closes 10 million yuan Pre-A round

C2B hotel booking service WoXingWoSu announced that it has raised RMB 10 million in its Pre-A round following its 5 million yuan angel round earlier this year.

04/05/2017|10:17:32 AM|ChinaTravelNews
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