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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

OCT Group to splurge 238 billion yuan in “cultural tourism and urbanization” of Xi’an

OCT Group has signed a 238 billion yuan strategic tie-up with Xi’an Municipal Government to bring its “cultural tourism and urbanization” model to the ancient city.

06/22/2017|10:19:44 AM|ChinaTravelNews

Global theme parks: Disney remains No. 1, China set to surpass US

Theme parks in China will have more attendances than those in the US by 2020, according to a global theme park report by AECOM and TEA.

06/15/2017|4:17:17 PM|ChinaTravelNews

Wanda bares ambition in sports tourism after snapping up prominent marathon organizer

Wanda has snapped up Competitor Group Holdings, Inc (CGI), best known as the organizer of Rock n Roll Marathon series, and bares its ambition in expanding into sports tourism.

06/06/2017|5:51:03 PM|ChinaTravelNews

Chinese tourist arrivals to Thailand drop 7.5% in first 4 months

Mainland Chinese tourists made 7.5% fewer trips to Thailand in January to April this year. But they still ranked as the country’s largest source of overseas tourists and tourism revenue.

05/24/2017|4:02:10 PM|ChinaTravelNews

Chinese real estate firm acquires 90.5% stake in luxury travel firm A&K

Chinese real estate and investment company Zhonghong Group announced on May 8 that it plans to acquire a 90.5% stake in luxury travel company Abercrombie & Kent (A&K) for USD 412.49 million.

05/09/2017|10:47:03 AM|ChinaTravelNews

Chinese visitors to Japan spend 15% less per capita in Q1

Mainland Chinese tourists to Japan spent 14.9% less per capita in the first quarter of 2017.

04/25/2017|11:58:27 AM|ChinaTravelNews
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