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Chinese real estate firm acquires 90.5% stake in luxury travel firm A&K
05/09/2017|10:47:03 AM|
Chinese real estate and investment company Zhonghong Group announced on May 8 that it plans to acquire a 90.5% stake in luxury travel company Abercrombie & Kent (A&K) for USD 412.49 million.
Triploc closes A round financing, aiming to be the eBay of outbound independent travel
08/07/2017|11:22:44 PM|
Triploc has raised tens of millions of yuan from PurpleSky and Mingxiang Ventures in its A-round financing. In the last year, the number of users of Triploc had increased from 200,000 to 1.2 million.
E-commerce giant buys into tour operator; TUI China kicks off holidays | Weekly Review
05/03/2020|12:22:17 PM|
TUI China focuses on short-haul outdoor trips; Around 74.29% of the Chinese hotels and inns have ceased operation during COVID-19.
Hilton Q1 RevPAR declined 22.6%, full recovery years to come
05/09/2020|11:37:00 AM|
In China, occupancy as of May 4 was approximately 40 percent, up from about 9 percent in early February.
Huazhu initiates major restructuring to pursue global ambition
05/20/2020|10:58:13 PM|
China remains key to the company's operation while Huazhu will continue its investments for international expansion.
Fosun Tourism raises $988M; Forward bookings in China show dramatic rebound | Daily Brief
03/23/2020|11:34:25 PM|
Chinese tourist arrivals to Japan dropped 87.9% in February; Hainan government announced a USD 21.2 million rejuvenation plan for the island’s beleaguered tourism industry with duty free shopping at the heart.
Travel short video service provider Jufeng Network raises millions of yuan
05/12/2020|12:43:14 AM|
The company wants to help tourist attractions, homestay businesses, hotels and itineracy providers build quality travel brands.
Alibaba-invested repricing startup Hotelmize eyes expansion in China and Asia
04/29/2020|9:56:10 AM|
While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.
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