Depreciation of the Russian ruble leading to 20% drop in overall prices of Russia’s tourism products this yearand a significant increase in Chinese tourists to Russia.
Chinese conglomerate Nanshan Group has acquired the Pullman Sydney Airport Hotel for approximately AUD$84 million.
LY.com is setting up a joint venture company with Korea’s Lotte Tour in a strategic partnership to consolidate local Korean tourism resources and procurement.
Over four million Chinese visited Japan in the first 10 months of 2015, according to the Japan National Tourism Organization’s latest data.
Emei Mountain Tourism will set up a wholly-owned subsidiary Emei Mountain Global Smart Tourism Cultural Co, with registered capital of RMB20 million.
Slowing economy, devaluing yuan and plummeting stock market will likely dampen the outbound travel enthusiasm of Chinese tourists.
China has become the biggest visitor source market for the UK visitor visas issued to Chinese visitors exceeded those issued to Indian and US nationals.
Ctrip has seen visitor number to Japan doubling and has became the first Chinese OTA to get a tour operator license in Japan.
