CITS registered operating revenue of RMB 16.445 billion in first three quarters of 2016, up by 4.12% YoY. Net income was RMB 1.461 billion, 10.78% more than last year.
State-owned travel agency CYTS recorded operating revenue of RMB 7.735 billion in first three quarters of 2016, down by 1.65% YoY. Net income was up by 53.15% YoY.
Caissa Tourist’s operating revenue rose 23.45% to RMB 2.428 billion in the third quarter of 2016. Net income climbed 35.98% to RMB 179 million.
UTour reported RMB 3.886 billion operating revenue in the third quarter of 2016, 16.58% more than last year. Net income rose 20.73% to RMB 135 million in the quarter.
Ctrip has invested in two of North America’s largest tour operators to build up its destination service and procurement system in the area.
Guangdong-based Nanhu International Travel Agency (NITA) registered 580.14% YoY growth of revenue to RMB 843 million, according to the agency’s half-year financial results published on Oct. 11.
Tongcheng Tourism and Wanda Group jointly announced on October 9 that the two companies plan to merge Wanda’s tourism unit with Tongcheng Tourism.
Caissa Touristic plans to lead E-Life Financial's capital increase by injecting RMB 550 million into the HNA finance unit and acquire tour operator Tiantian Shanglv for RMB 149 million.
