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Ctrip hotel white paper sheds light on hospitality, consumer insights

Some 76% of the searches on Ctrip for hotels were related to star rating, most frequently about “five star/luxury hotel” or “four star/high-end hotel”, while only 11.61% of these searches were price-related.

01/12/2018|11:12:12 AM|ChinaTravelNews

Fintech startup of Tuniu former president snares $146 million in A round

BlackFish, a fintech startup co-founded by online travel site Tuniu’s former executives, has raised RMB 950 million (USD 146 million) in A-round funding, backed by Lightspeed China Partners and Gobi Partners.

01/12/2018|10:50:01 AM|ChinaTravelNews

ChinaTravelNews Briefing: Chinese tourism, Ctrip and other players' moves

For the past two weeks, ChinaTravelNews reported on how Chinese tourists affect the travel sector, a series of Ctrip’s moves, and news of major players Meituan, Tencent and Airbnb.

01/08/2018|9:33:21 AM|ChinaTravelNews

Ctrip- and Tencent-invested Tongcheng merges with eLong, eyeing capital market

Tencent and Ctrip will become major shareholders of the new entity TongCheng-eLong. Ctrip co-founder James Liang will serve as co-chairman.

12/29/2017|7:38:54 PM|ChinaTravelNews

Travel site Lvmama’s parent Joyu Culture Media secures another $402 million

Joyu Culture Media has raised $402 million in its latest financing after the September round. The latest round is completed through a third-party limited partnership acquired by Fullshare Holdings.

12/27/2017|12:39:55 PM|ChinaTravelNews

Meituan Travel marks 200 million room nights stayed in 2017

Meituan Travel has already had 200 million room nights stayed for this year. In 2018, it plans to develop "new accommodation" concept by combining "thoughtful service” and “technological innovation".

12/27/2017|12:33:44 PM|ChinaTravelNews

ChinaTravelNews Briefing: Booking’s reinvention, Mafengwo’s funding and more

We join the dots of the events that took place in the past two weeks to offer insights into the Chinese tourists, travel startup funding rounds, major OTAs and internet giants’ technology solutions in China.

12/25/2017|3:07:29 PM|ChinaTravelNews

China’s domestic & inbound tourism to gross over $795 billion in 2017

Statistics show that domestic and inbound tourism in China will generate traffic exceeding 5.1 billion in 2017 and total revenue of over $795 billion, contributing more than 10% to GDP and employment.

12/25/2017|9:11:04 AM|ChinaTravelNews
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