The “China Hotels of the Future Alliance” has been jointly formed by Greenland Group, Hainan Airlines，ZTE Corp and Taihe-Atour Hotels.
Ascott with partner with China’s largest accommodation booking platform Tujia to launch a budget-friendly tourism accommodation brand in the first quarter of 2016.
Cycling app Voyager has completed a multi-million RMB Series A financing with investments from Hushan Capital and Yinxingu Capital.
Rental revenue was RMB3,214 million, an increase of 50% y-o-Net profit was RMB1,001 million, compared with RMB327 million in the same period of 2014.
“James Liang and CC Zhuang are both top dogs in the travel industry. With Mr. Liang joining Qunar’s board, it would be difficult for Mr. Zhuang to work under Mr Liang,”
Grand China Air has confirmed it signed an acquisition agreement for a 4.89% stake in Hainan Airlines held by Hainan Development Holdings.
Volunteering and travel platform Hive announced it received a US$6.5 million financing led by CDH Fund and Will Hunting Capital.
A total of RMB550.29 billion worth of investments had been injected into China’s tourism industry in the first three quarters of the year.
