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Spring Airlines to launch five new routes to Japan
02/27/2015|5:20:48 PM|
Spring Airline's five new routes will connect Shanghai with Asahikawa Hokkaido, and Chengdu, Zhengzhou, Xian and Jinjiang with Osaka.
Wanda Hotels revenue plummets US$150 million in 2014
02/27/2015|5:08:49 PM|
Wanda Hotels 2014 revenue dropped HK$1.162 billion and the value of its property investments in Fujian Province decreased HK$147 million.
Chinese tourists inject US$17 billion into Korean economy in 2014
02/25/2015|9:23:58 AM|
Chinese tourists are directly responsible for creating 340,000 jobs, equivalent to 0.06 jobs created per visitor.
Yongche, Chery and Botai to jointly develop smart electric vehicle for car sharing
02/04/2015|10:13:08 AM|
Yongche, Chery Automobile and Botai Group will pioneer a key-free smart electric car model, “eChery” by iVokaOS, available for car sharing within two years.
Luxury hotel expansion filters down to second-tier cities amid market slowdown
02/03/2015|11:36:17 AM|
Increasing globalization and economic prosperity in second-tier cities Chengdu and Wuhan has spurred demand for luxury services, especially hotels.
Yongche cites anti-monopoly law to halt taxi app rivals’ merger
02/17/2015|6:12:06 PM|
Yongche is petitioning China’s anti-monopoly authorities to halt the merger of Didi Taxi and Kuaididache, accusing it as a serious breach of the “Anti-monopoly Law”.
Qunar sparks another OTA price war with hotel booking cash back
02/15/2015|11:41:30 AM|
Qunar will undercut competitors by at least 10% in all their hotel prices via cash-back promotions, adopting a new slogan “one cent hotel”.
Chinese companies to invest US$5.1 billion in US hotels in 2015
02/15/2015|11:41:04 AM|
Jones Lang LaSalle (JLL) forecast that Chinese companies will invest an estimated US$5.1 billion in US hotel assets this year.
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