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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

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
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