Donald Yu, CEO of Tuniu, shared his thoughts on topics such as China’s online travel boom, why growth outweighs profitability in the sector and the untapped potential in lower-tiered cities.
An airport dedicated to corporate jet operations in Guangzhou’s Nansha district has been designated as a key development for the city this year.
As hotels are rushing to fill vacancies with leisure travel customers the industry is finally on the path to healthy development.
BTG Hotels’ annual revenue and net profit fell last year, at 5.87% and 4.66% respectively to RMB2.791 billion and RMB112 million.
CEO Zhengyao Lu said: “We will invest at least RMB2.5 billion to attract new customers at the beginning and we have unlimited cash reserves to continue.”
China Southern is the only one one of the five major listed Chinese carriers with decreasing profitability. Its decline has lasted for two years.
Alitrip has introduced Credit Stay in the first stage of its “future hotels” strategy that aims to revolutionize OTA involvement in the hotel industry.
The addition of the new runway Shanghai Pudong Airport enables it to have two takeoffs and two landings simultaneously.