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South Korean businesses suffer major decline from China arrivals downturn

Reduced visitor arrivals from China drove down profit of Lotte Department Store and Lotte Mart by 49% and sales volume by 4.3%; while demand for Lotte milk powder and candies also shrank drastically in ongoing THAAD fallout .

08/07/2017|11:20:24 PM|ChinaTravelNews

Chinese outbound tourists increase 5% to 62.03 million in H1 2017

China remains the world’s largest outbound tourism source market following a 5% increase year on year in the number of Chinese outbound tourists to 62.03 million in the first half of 2017.

08/04/2017|11:28:49 PM|ChinaTravelNews

Chinese tourist arrivals to Europe rise 65% in first half of 2017

Chinese tourist arrivals to Europe grew 65% in the first half of 2017. More than half of these tourists were over 50 years old.

07/19/2017|6:52:43 PM|ChinaTravelNews

Chinese tourists to make 9 million trips to Thailand in 2017

Thailand’s tourism authority projected that Chinese tourists will make 9 million trips to the country this year, remaining its biggest source of foreign visitors.

07/18/2017|8:08:26 PM|ChinaTravelNews

China takes up 15% of tours to Antarctica as 2nd largest source market

The number of Chinese visitors to the Antarctic last year reached 3,944, accounting for 15% of the global market share, and China has become the second largest source market for Antarctica tourism, according to data from IAATO.

07/17/2017|5:45:25 PM|ChinaTravelNews

Rural holiday operator Xiangban closes million-yuan Pre-A round

Xiangban Cultural Tourism, which operates idyllic tours to rural areas, has closed its million-yuan Pre-A round funding.

07/12/2017|10:18:04 AM|ChinaTravelNews

Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion

Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).

07/10/2017|4:14:26 PM|ChinaTravelNews

Vanke acquires 36% of a giant tourism project in Yunnan

Vanke, a developer known more for its ski resorts than tourism real estates, recently acquired a 36% stake in a large tourism development program in Yunnan.

06/22/2017|11:01:31 AM|ChinaTravelNews
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