CNTA is implementing the “Qualification and Evaluation Criteria for the China Outbound Tourism Quality Service Certification” scheme for overseas suppliers.
Rosedale Hotels is negotiating a 51% acquisition of Jinfa Holdings with a HK$75 million loan to its owners to develop Zhuhai Lizhou Resort Hotel.
Tempus Global will inject RMB55 million capital in subsidiary Chongqing Tempus Air Service to acquire 60% holding in Chongqing Xinganxian Travel.
Club Med plans to add seven resorts in China by 2020 following its sale to Fosun at EUR24.6 per share.
Huatian Hotels intended to issue only 150 million shares to raise RMB600 million, but Huaxin Turbine offered RMB1.653 billion in cash for 29.44% equity.
Meituan achieved exponential growth in 2014, chalking up 180% y-o-y growth in transaction volume that exceeded RMB46 billion.
Qunar will launch “Chang JingTong” platform to open up attractions ticketing data, interfaces and resources to trade users free of charge.
Qunar is aggressively recruiting startups in a bid to counter strong competition and secure a corner on the market.
