Wanda group’s transformation and upgrading has been successful with the growth in its cultural and tourism business revenue surpassing its real estate business.
Meituan will face tremendous pressure this year from its rival’s IPO and the challenge of O2O startups carving into Meituan's share in each of its market segments.
Atour Hotel will accelerate its expansion in China and abroad as well as set up an experiential user community with the latest funding.
The mindset of hoteliers in China is changing towards integrated solutions with one source of data flowing in real time between systems improving distribution efficiency and enhancing the guest experience through the booking process.
Luxury hotels in China are bracing for fierce competition as supply soars - the glutted market had a total of 800 five-star hotels in 2014.
“CNTA’s new jointly established fund will operate under market-driven principles to support exemplary integrated tourism projects” .
China’s tourism authorities anticipate significant investments in the tourism industry and new jobs for 1.8 million people from 2015 to 2017.
An aviation expert suggests stiffer penalties and public education for passengers with improved service quality by airlines for the safety of aviation in China.