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Ctrip sees 430-billion-yuan GMV in 2016

Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.

02/24/2017|9:53:15 AM|ChinaTravelNews

Ctrip's net revenues surge 76% in 2016

Ctrip reported net revenues of USD 2.8 billion in full year 2016, representing a 76% increase YoY. Accommodation reservation revenues rose 58% to USD 1.1 billion, accounting for 37% of the total revenues.

02/23/2017|7:36:07 PM|ChinaTravelNews

Meituan-Dianping announces 3-billion-yuan fund for consumer sector

Meituan-Dianping kick-started an industrial fund, targeting to invest RMB 3 billion in the consumer sector. The funding sources include Meituan-Dianping, Tencent and New Hope Group.

02/22/2017|11:47:29 AM|ChinaTravelNews

Study tour provider MaiTao closes B round backed by Fosun

MaiTao, an online service focusing on children learning and traveling experience, has raised RMB 70 million in its B round funding which had Fosun as the lead investor.

02/22/2017|5:36:32 PM|ChinaTravelNews

House rental platform Locals closes 50-million-yuan Pre-A round

House-sharing platform Locals announced that it has raised RMB 50 million in its Pre-A round in which ZhenFund was the lead investor.

02/16/2017|2:06:31 PM|ChinaTravelNews

Beijing to implement home-share licensing in 2017

ChinaTravelNews has learned that Beijing is finalizing legislation this year to license homestay businesses in the capital.

02/16/2017|12:47:54 PM|ChinaTravelNews

Expedia's gross bookings rise 21% in 2016

Expedia reported gross bookings of USD 72.43 billion in 2016, up by 21% YoY. Revenue rose 32% to USD 8.77 billion and net income attributable to the company was USD 281.8 million in the time.

02/09/2017|7:37:11 AM|ChinaTravelNews

Data on its own isn’t enough, make it part of an organization’s culture

Data alone cannot provoke change - rather accessibility, acting on it, customer support, training, incentivizing employees and ending up with the development of a customer-centric culture is key, says RJ Friedlander, CEO of ReviewPro.

02/09/2017|3:29:24 PM|ChinaTravelNews
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