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Chinese Premier vows to embrace a new era of mass tourism

Chinese Premier Li Keqiang said the government would cut import tariffs on some consumer goods and increase the number of duty-free stores to ensure people can afford their paid vacations, strengthen the development of tourist and transport facilities, scenic spots and tourist sites, and recreational vehicle parks.

03/07/2016|6:31:47 AM|ChinaTravelNews

Transport Minister: Car-hailing rules draft completed

China's transport minister announced that the provisional rules on car-hailing service had been drafted while reiterating this does not necessarily mean legitimization of the business.

03/10/2016|11:31:26 AM|ChinaTravelNews

Tuniu forays into unchartered areas in addition to its tour packages offering

How is the current crop of online travel companies in China trying to unlock additional profitability? How can the huge volume of traffic be better monetized by OTAs? Are all transactions 100% digital?

03/03/2016|6:18:58 PM|ChinaTravelNews

Ctrip’s partner UTour plans full acquisition of HuaYuan

Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.

03/03/2016|6:18:43 PM|ChinaTravelNews

MuNiao Short-term Rental raises tens of millions RMB in B-round funding

MuNiao Short-term Rental (Mu Niao Duan Zu) announces that it has raised tens of millions of RMB in the B-round funding, just six months after its A-round funding, through which the company raised RMB 60 million.

03/01/2016|11:22:42 PM|ChinaTravelNews

OneHome completes Pre-A round funding with tens of millions

Chinese homestay startup OneHome has just completed a Pre-A round funding and raised several million RMB from Alibaba’s Riverhill Fund, Morningside Ventures and an unnamed web celebrity.

03/01/2016|10:55:02 AM|ChinaTravelNews

UTour revenue skyrockets by 98.4% in 2015

The Chinese outbound travel and MICE services operator UTour reported 98.4% revenue growth for 2015, to RMB 8.366 billion, and operating profit also went up by 79.17% to RMB 259 million.

02/29/2016|11:25:34 PM|ChinaTravelNews

Hong Kong plans HKD 380 million package to revive inbound tourism

The Hong Kong government is planning a range of measures to boost its flagging inbound tourism. The initiatives, expected to cost HKD 380 million in the government's latest budget, include waiving licence fees for local travel agents and hotels and expanding the scale of major events to be held this year.

02/26/2016|11:26:57 PM|ChinaTravelNews
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