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Tuniu cuts net loss to 41.7 million dollars in Q1 2017

Tuniu trimmed its net loss to RMB 287.4 million (USD 41.7 million) in Q1 2017 from RMB 538.5 million in Q1 2016 by "improving operational efficiency and realizing economies of scale."

05/26/2017|9:40:33 PM|ChinaTravelNews

Meituan-Dianping launches travel unit

Meituan-Dianping, China’s largest group-deal platform, launched of Meituan Travel, a new travel unit offering accommodation, domestic travel, outbound travel, and transportation.

05/23/2017|2:04:07 PM|ChinaTravelNews

Chinese tourist arrivals to Thailand drop 7.5% in first 4 months

Mainland Chinese tourists made 7.5% fewer trips to Thailand in January to April this year. But they still ranked as the country’s largest source of overseas tourists and tourism revenue.

05/24/2017|4:02:10 PM|ChinaTravelNews

Chinese airlines carry 488 million air passengers in 2016

China’s airlines carried 436.34 million passengers on domestic routes in 2016, up by 10.7% YoY. Passengers on international routes rose 22.7% to 51.62 million last year.

05/11/2017|11:38:56 AM|ChinaTravelNews

China Lodging's net revenues grow 10.8% in Q1 2017

China Lodging Group posted net revenues of USD 231.4 million in the first quarter of 2017, up by 10.8% YoY. Net income attributable to company rose from RMB 69.4 million in Q1 2016 to RMB 148.1 million (USD 21.5 million).

05/11/2017|7:36:20 AM|ChinaTravelNews

Ctrip net revenues climb 46% in Q1 2017

Ctrip's transportation ticketing revenues in first quarter of 2017 rose 48% to USD 418 million after consolidating Skyscanner results for first time. The same revenues in Q1 2016 grew 106% YoY.

05/11/2017|8:06:51 AM|ChinaTravelNews

Fully booked premiere: ITB China debuts in Shanghai

Over 10,000 pre-scheduled appointments between exhibitors and hosted Chinese buyers secured prior to the show – Partner destination Europe – travel leaders to share latest ideas at ITB China Conference.

05/10/2017|3:14:30 PM|ChinaTravelNews

Chinese real estate firm acquires 90.5% stake in luxury travel firm A&K

Chinese real estate and investment company Zhonghong Group announced on May 8 that it plans to acquire a 90.5% stake in luxury travel company Abercrombie & Kent (A&K) for USD 412.49 million.

05/09/2017|10:47:03 AM|ChinaTravelNews
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