Online travel and outbound tourism were the favorite areas for acquisitions in China’s tourism industry in 2014.
China’s ocean park developer Haichang Holdings won a RMB728 million bid for the land rights for the construction of Haichang Polar Ocean World.
Amid its O2O transition, GZL president Jianxu Lu will step down and Lingnan Group vice president Zhujun Zhang will take his position.
Jinjiang Holdings acquired France’s Louvre Group, estimated at EUR1.25-1.5 billion, and will fully integrate the two hotel groups.
Ctrip will fully integrate eHi Car Services into its platforms including the website, mobile app and offline channels.
The Asia Pacific region was a key engine for global tourism in 2014 and China in turn was the main driving force of tourism in Asia Pacific .
China’s electronics and appliance retail giant Gome has announced it will sell domestic air tickets on its online platform.
Spring Airlines CEO said it did not intend to include strategic or financial investors in the IPO but was willing to let employees share in dividends from company growth.
