Managers from major Chinese travel companies will provide insights into the expanding China market. The ITB China Conference has three areas of focus: destinations, online travel and business travel.
Approximately 73% of Chinese outbound travelers regard social media as the key channel to researching and gathering information about traveling.
A recent SEC filing shows that HNA holds a 26.5% stake in Tuniu and JD.com controls a 20.6% stake in the company, as of March 31, 2017.
Tujia has rolled out innovative vacation lodging sharing platform VaShare. The platform is a joint venture of Tujia and its major stakeholder Ctrip.
Chinese budget hotel operator GreenTree Inns has partnered with an overseas private equity firm to jointly invest RMB 150 million in domestic peer Yibon Hotels.
Travel customization SaaS platform Lushu told ChinaTravelNews on April 17 that the company has closed its A round funding backed by Keywise Capital, an investor of Chinese photo App maker Meitu.
Ctrip said that it may continue to acquire complementary businesses and assets in the future if presented with appropriate opportunities. It has just revealed details about its acquisitions in recent years.
Hilton announced the appointment of former Wanda Hotel president Qian Jin as president of Greater China.
