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China Travel Innovation Challenge to be initiated in 2016 TravelDaily Conference

Six to eight finalists will be selected from amongst the entries of international or domestic companies to vie for the China Travel Innovation Award.

06/20/2016|10:30:10 AM|ChinaTravelNews

Cncn Travel is to close series B round

Cncn Travel is close to completing its series B round. Whether the company will speed up its expansion after the capital injection remains to be seen.

06/20/2016|9:42:47 AM|ChinaTravelNews

Tongcheng Tourism plans demerger and separate IPOs

Tongcheng plans to split its business into two separate entities: a travel agency selling leisure tours and attractions and a network grouping the company’s profitable standardized products in air, accommodation and railway.

06/20/2016|10:20:43 AM|ChinaTravelNews

Ctrip bullish over consolidated operating results with Qunar

Ctrip started to consolidate Qunar’s financial statements from the accounting perspective. The companies are hopeful of posting non-GAAP operating profit soon.

06/20/2016|10:15:11 AM|ChinaTravelNews

Tripb2b receives tens of millions of yuan in series A round

B2B travel platform Tripb2b announced on June 15 that the company has received tens of millions of yuan in its A-round funding. The funding that is purely financial investment was led by Yiyin Fund and followed by J-High Investment.

06/17/2016|9:43:19 AM|ChinaTravelNews

China Eastern announces segment-based agent fee policy for domestic flights

China Eastern Airlines formally released a new agent fee structure for domestic flights paying agent fees by segment and class, effective July 1, 2016.

06/17/2016|11:11:38 AM|ChinaTravelNews

China’s star-rated hotels post RMB 49.665 billion revenues in Q1 2016

China’s star-rated hotels generated total revenues of RMB 49.665 billion in Q1 2016 and average occupancy rate was 48.94%, down by 0.17%.

06/16/2016|10:22:59 AM|ChinaTravelNews

China Lodging announces new president and plans to tap sharing accommodation

China Lodging Group announced on June 13 that the company has promoted Hui Jin as president. Mr. Jin continues to participate in the company’s major decision-making and reports to CEO Jenny Zhang.

06/16/2016|3:39:26 PM|ChinaTravelNews
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