Ctrips's accommodation reservation and transportation ticketing businesses reached record-high revenues of over RMB1 billion in Q2 2015.
Tujia, China’s largest online platform for vacation rentals, has completed its D&D+ round of financing，raising $300 million at a valuation of more than $1 billion.
Rumors of a merger of China’s top three carriers were laid to rest but the industry continues to speculate the carriers may consolidate their air cargo operations.
PRC State Council has included policy for promoting tourism investment and consumptionon the agenda of its recent executive meeting.
CAAC is adopting a registration system for air routes, instead of the discretionary approval process that has fueled corruption among China’s aviation authorities.
China’s three major airlines have benefited from the drop in fuel prices and soaring demand to see 21-fold increase in net profits for the first half of the year.
Air China said the private offering will be to buy 15 Boeing B787 aircraft, upgrade its direct sales ecommerce operations, onboard Wi-Fi and cash reserves.
Utour announced it will set up a small loans company in Guangzhou with RMB100 million registered capital.
