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Wanda Hotels revenue plummets US$150 million in 2014

Wanda Hotels 2014 revenue dropped HK$1.162 billion and the value of its property investments in Fujian Province decreased HK$147 million.

02/27/2015|5:08:49 PM|ChinaTravelNews

Utour’s enjoys revenue growth above 40%

Utour achieved 40.32% y-o-y growth in revenue, recording RMB4.217 billion turnover and 24.32% y-o-y growth in shareholder profits totaling RMB109 million.

02/27/2015|3:49:53 PM|ChinaTravelNews

Making a foreign site click in China – a game of technical and commercial issues

Website performance, particularly site speed, is an area of opportunity for foreign operators to consider. ChinaTravelNews assesses how foreign entities can improve upon their respective websites.

02/27/2015|9:53:24 AM|ChinaTravelNews

China’s tourism statistics for Q4 2014

The CNTA published Q4 tourism statistics for 2014 with data on domestic,inbound and outbound tourism markets from 26,005 travel companies.

02/27/2015|9:53:35 AM|ChinaTravelNews

Hong Kong and Macau tour operators to begin mainland operations in trial run

Five Hong Kong and Macau sole-proprietorship tour operators will begin directly soliciting mainland customers for outbound tours in a pilot scheme starting March 1.

02/26/2015|9:53:52 AM|ChinaTravelNews

Vienna Hotels invites Series C financing to pave way for IPO

Vienna Hotel wants a Series C financing round this year to raise at least RMB1 billion and pave the way for an IPO in 2017.

02/26/2015|3:37:15 PM|ChinaTravelNews

Construction of Hainan’s new Boao Airport set to begin in March

Hainan provincial government confirmed in its 2015 work report that the construction of the new Boao Airport will start on schedule.

02/25/2015|3:59:23 PM|ChinaTravelNews

2014 online shopping and O2O trends for Chinese netizens

Chinese consumers spend the most on travel products when shopping online, an average of RMB3,750 per year, according to a McKinsey report.

02/25/2015|10:23:03 AM|ChinaTravelNews
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