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China’s outbound tourism likely restrained by trade war, yuan weakness
11/11/2019|10:03:34 AM|
The number of Chinese travelers going overseas is estimated at 160 million by 2024, instead of an upside potential of 165 million without a trade war.
Huazhu Group re-appoints chairman as new CEO, eyeing international expansion
11/08/2019|8:46:50 PM|
The Shanghai-based company also unveiled its "Accelerated Growth Goal" of establishing a global hotel network in the next five years.
Merlin, CMC to build Legoland theme park in Shanghai
11/08/2019|2:16:02 PM|
To be located in the Jinshan District in southwest Shanghai, the new park is expected to be one of the largest Legoland resorts in the world and will include a 250-room themed hotel.
WeChat Pay follows Alipay in allowing foreign visitors to make payments in China
11/08/2019|2:11:17 PM|
The Chinese payments giant has partnered with Visa, MasterCard, American Express, Discover Global Network, and JCB to allow foreign visitors to link their credit cards to WeChat Pay.
Travelsky and Qantas opened the door to strategic cooperation in the NDC era
11/08/2019|11:22:38 AM|
Travelsky agents on the NDC-enabled Qantas Distribution Platform will obtain the content and corresponding preferential policies Qantas’ NDCs issued to private channels.
Accor and Alibaba Group enter into strategic partnership
11/08/2019|9:32:23 AM|
The two innovative companies join forces to develop a series of digital applications and loyalty programs to improve the consumer and traveler experience over the next five years.
Booking Holdings sees 11% growth in room nights, a 4% rise in gross bookings
11/08/2019|7:02:36 AM|
Total revenues were $5.0 billion, a 4% increase from the prior year while net income rose by 10% to $2.0 billion.
Amadeus posts 15.0% rise in revenue in first nine months
11/08/2019|6:21:08 AM|
The company's travel agency air bookings growth (0.5%) outperformed the industry (-0.8%), driven by market share gains in all regions except its Asia-Pacific business (-15.3%).
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