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Ctrip’s partner UTour plans full acquisition of HuaYuan

Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.

03/03/2016|6:18:43 PM|ChinaTravelNews

UTour revenue skyrockets by 98.4% in 2015

The Chinese outbound travel and MICE services operator UTour reported 98.4% revenue growth for 2015, to RMB 8.366 billion, and operating profit also went up by 79.17% to RMB 259 million.

02/29/2016|11:25:34 PM|ChinaTravelNews

Haoqiao.cn repositioned as B2B portal for international hotels booking

As it embarks on a new round of fund-raising for RMB 60 million, Haoqiao.cn plans to make itself the one-stop shop for connecting agents with international hotels, and deliver added values to travel agents who are looking for new ways of doing business.

02/26/2016|10:10:57 AM|ChinaTravelNews

Alitrip set to leverage Alibaba’s prowess in the world of e-commerce

Be it for Alibaba’s massive traffic or data analysis expertise, Alitrip is looking beyond the model of a traditional OTA to have a bigger say in the overall consumer travel experience.

02/22/2016|4:08:55 PM|ChinaTravelNews

Travelport Worldwide Limited reports fourth quarter and full year 2015 results

Travelport Worldwide Limited (NYSE: TVPT) announces its financial results for the fourth quarter and full year ended December 31, 2015. Its net revenue increased by 3% while adjusted EBITDA decreased by 1% and its revenue from Beyond Air grew by 21% in Q4.

02/19/2016|12:49:45 AM|ChinaTravelNews

Priceline reports financial results for Q4 and FY2015

Priceline Group today reported its 4th quarter and full-year 2015 financial results with fourth quarter gross travel bookings increasing by 13% YoY to $12.0 billion and gross profit increasing by 12% YoY to $1.9 billion for Q4.

02/17/2016|10:08:34 PM|ChinaTravelNews

Travelport announces new multi-year distribution and merchandising agreement with Cathay Pacific and Dragonair

Travelport announces the extension of its multi-year content agreement with Cathay Pacific and its subsidiary Dragonair, which also sees the airlines sign up for Travelport’s industry leading merchandising solution known as Rich Content and Branding.

02/16/2016|2:03:09 PM|ChinaTravelNews

TripAdvisor Reports Fourth Quarter and Full Year 2015 Financial Results

TripAdvisor, Inc. reported financial results for the fourth quarter and full year ended December 31, 2015.

02/12/2016|8:34:23 AM|ChinaTravelNews
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