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Jin Jiang Hotels secures RMB 4.92 billion loan for overseas acquisitions

Jin Jiang Hotels has been granted a loan of RMB 4.92 billion by the Export-Import Bank of China’s branch in Shanghai as the travel company is planning further acquisitions overseas.

02/26/2016|10:58:35 AM|ChinaTravelNews

Haoqiao.cn repositioned as B2B portal for international hotels booking

As it embarks on a new round of fund-raising for RMB 60 million, Haoqiao.cn plans to make itself the one-stop shop for connecting agents with international hotels, and deliver added values to travel agents who are looking for new ways of doing business.

02/26/2016|10:10:57 AM|ChinaTravelNews

CITS and HKCTS to merge into largest state-owned travel enterprise

The CITS Group Corporation and the HKCTS Group Corporation are planning a possible consolidation. The plan, yet to be finalized, will have to be approved by the authorities.

02/26/2016|11:28:23 PM|ChinaTravelNews

China Southern shuts out agents on heavily discounted tickets

China Southern Airlines is barring ticketing agents from viewing or selling air tickets discounted for 60% or more on China’s GDS system of TravelSky.

02/26/2016|11:28:38 PM|ChinaTravelNews

Shanghai Disneyland targets high-consuming middle-class families

Shanghai Disneyland Resort is eyeing the high-consuming middle-class families whose consumption will also benefit real estate development, aviation, railways and highways in the vicinity.

02/24/2016|8:29:14 AM|ChinaTravelNews

New Beijing airport tenders awarded and set for 2019 completion

Construction of the Beijing new airport is set to begin soon and is expected to be completed by July 2019. The airport’s core structure consists of five above-ground levels and two underground levels and it will only take 8 minutes at most to walk to the farthest boarding gate.

02/24/2016|8:29:46 AM|ChinaTravelNews

CNTA mandates using bank escrow accounts to hold outbound tourist deposit

The Chinese tourism authority CNTA has issued a series of regulations on the country’s outbound tourist deposit collection requiring all deposit to be held in escrow accounts by banks.

02/23/2016|8:31:00 AM|ChinaTravelNews

HotelGG completes a RMB 5 million investment in BagEvent

HotelGG has recently completed a RMB 5 million investment in BagEvent, an SaaS service company that specializes in managing event registration and on-site check-in.

02/23/2016|8:33:41 AM|ChinaTravelNews
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