Theme tour service platform Goutrip announced that it has raised RMB 30 million in its series Pre-A round. The firm offers trips on diving, photography, surfing, self-driving and family tours.
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."
Meituan-Dianping, China’s largest group-deal platform, launched of Meituan Travel, a new travel unit offering accommodation, domestic travel, outbound travel, and transportation.
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.
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.
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).
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.
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.
