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Vienna Hotels invites Series C financing to pave way for IPO
02/26/2015|3:37:15 PM|
Vienna Hotel wants a Series C financing round this year to raise at least RMB1 billion and pave the way for an IPO in 2017.
Chinese in their 30s a major force in outbound tourism spending
02/26/2015|10:21:46 AM|
Chinese travelers in their 30s are becoming the biggest spenders in outbound travel, powering China's global spending spree this Spring Festival.
Chinese visitors to the US expected to leap 25% in 2015
02/25/2015|10:22:24 AM|
Chinese visitor arrivals to the USA are expected to grow by 25% to 30% this year, continuing the strong growth in 2014.
Ctrip has US$1.6 billion in holiday product transactions
02/05/2015|4:49:46 PM|
Ctrip’s online transactions for holiday products in China leapt more than 50% to exceed RMB10 billion (approx: US$1.6 billion) last year.
Visa-free destination startup Tripvip gets angel investment
02/04/2015|5:31:01 PM|
Travel specialist to visa-free destinations Tripvip has received a RMB6 million angel investment from Pingan Ventures after only six months of operation.
LY.com finds itself in the middle of the OTA melee – and likes where it’s at
02/04/2015|10:42:24 AM|
LY is led by CEO Any Wu, who started the company in 2004 and has since grown it into one of China’s top online travel sites.
Guangzhou to test car hire service
02/02/2015|5:59:30 PM|
Guangzhou will introduce trial run of hire carsto alleviate chronic taxi shortage and offer an alternative model to curbside hailing.
Airfares stay low as China’s first-time air passenger volume grows
02/16/2015|5:13:13 PM|
While first-time flyers comprised 40% of domestic traveler and 60%on international flights in 2014.
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