For hotel companies targeting Chinese outbound travel segment, the reliance on OTAs is important at this juncture.
Shanghai-based Jin Jiang Hotels Group has announced it is making cash-based acquisitions of compatible hotel assets from third parties in a major restructuring.
Uber has begun a trial run of new carpooling function “Peoples’ Uber +”, in the Shanghai. The function is said to able to help users save up to 30% on fares.
Arrivals to Hong Kong in the first half of 2015 grew only 2.8%, the slowest rate of growth since 2009 and retail industry is bracing itself for a wave of shop closures.
The World Travel and Tourism Council projects that China’s investments in tourism, estimated to total US$278.7 billion, will overtake the USA by 2025.
Beijing-based excursions platform Napiao has just received an angel investment of RMB5 million (approx: US$778,403) from Magic Stone Alternative Investments.
China Eastern Airlines has set up new subsidiaries in order to ensure its LCC venture, China United Airlines, takes off on a strong foundation.
Qunar believes it has an opportunity to step up the average volume figure per hotel on the direct network and wants it to be on par with peers in mature travel markets.
