Conference venue search and booking platform HotelGG raised US$20 million in its B Series financing round from - Matrix Partners China, Chengwei Capital and SIG China.
China Lodging Group added 207 hotels had 85.8% occupancy rate while net revenues increased 16.9% to RMB1.46 billion in Q2 2015.
6,000 model tourism villages will be developed nation wide by 2020，and over 100,000 tourism locations will be formed with three million country guesthouses.
In order to unlock revenue generation opportunities Chinese airlines need an understanding of what travel retailing means.
eLong has formed a special committee of three independent directors – May Wu, Shengli Wang and Adam J. Zhao – to evaluate the privatization from Tencent.
Hainan Airlines has recorded 1.602 billion in net profits attributable to its shareholders in the first half of the year, representing an increase of 231.92% y-o-y.
Although outbound tourism will be adversely affected by the RMB’s exchange rate if it continues to fall, immediate effects are expected to be limited.
Uber China’s strategy director Zhen Liu confirmed that the company plans a public listing in China as an independent company.
