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B2B hotel platform Mogu Trip fully acquired by travel service provider Yundijie

The acquisition of Mogu Trip will help Yundijie branch out into the international hotel distribution business and further enhance its product supplies to increase competitiveness.

04/29/2018|9:06:01 PM|ChinaTravelNews

Travelzoo's Q1 revenue rises 9% to $30.9 million

Travelzoo announced revenue of USD 30.9 million and operating profit of USD 3.7 million in Q1 2018. "Revenue growth accelerated in all three regions, leading to much stronger earnings," said Travelzoo CEO.

04/26/2018|10:17:56 AM|ChinaTravelNews

ChinaTravelNews Briefing: Tencent vies for railway WiFi service, Meituan denies funding and more

Both Tencent and Alibaba are eyeing a stake in Bullet Train Networks, Ctrip joins a consortium in a bid for car rental firm eHi’s privatization, and more in this week’s Briefing.

04/20/2018|2:48:41 PM|ChinaTravelNews

Ctrip launches travel & lifestyle content platform Hydrogen Balloon

The platform can be a realizable asset once it has accumulated a sufficient amount of content.

04/20/2018|8:44:05 AM|ChinaTravelNews

Travel firm PKFARE acquires tens of millions of yuan, backed by Caissa Tourism

Having won financing from Civil Aviation Investment Fund, Caissa Tourism and CKGSB Chuang Fund, PKFARE will continue to exploit the supply chain and product inventories.

04/18/2018|8:46:17 AM|ChinaTravelNews

Shared lodging brand Islands secures tens of millions of yuan in financing

Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.

04/17/2018|8:51:26 AM|ChinaTravelNews

Reputation report finds hotel facilities still the favorite review subject

Hotel reviews left by families with children increased at the fastest rate in 2017, and hotel facilities were still most the most reviewed area by hotel guests.

04/13/2018|9:00:58 AM|ChinaTravelNews

B2B travel platform Octopus scoops $95 million, backed by Alipay’s parent

Alipay parent company Ant Financial and CCB International are new investors, and both will participate in Octopus’s new S2B initiative.

04/09/2018|1:00:44 PM|ChinaTravelNews
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