The key to Chinese airlines' full retailing platform is to know customers and meet their end to end travel needs rather than just to carry passengers from point to point.
Alibaba’s travel brand Fliggy has announced a strategy on building a travel design ecosystem and introduced five new products lines.
Theme tour service platform Goutrip announced that it has raised RMB 30 million in its series Pre-A round. The firm offers trips on diving, photography, surfing, self-driving and family tours.
Tuniu trimmed its net loss to RMB 287.4 million (USD 41.7 million) in Q1 2017 from RMB 538.5 million in Q1 2016 by "improving operational efficiency and realizing economies of scale."
Ctrip's transportation ticketing revenues in first quarter of 2017 rose 48% to USD 418 million after consolidating Skyscanner results for first time. The same revenues in Q1 2016 grew 106% YoY.
Priceline Group reported gross travel bookings growth of 24% in the first quarter of 2017. Gross profit grew 16% to USD 2.3 billion and net income rose 22% to USD 456 million.
Sabre reiterated its full-year 2017 guidance in the first-quarter report of 2017. Revenue rose 6.5% to USD 915 million in the quarter.
Online travel agency Tongcheng Tourism announced that it has invested RMB 1 billion to set up an airline company.
