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RMB devaluation to have limited immediate effect on tourism
08/13/2015|6:16:06 PM|
Although outbound tourism will be adversely affected by the RMB’s exchange rate if it continues to fall, immediate effects are expected to be limited.
HotelREZ partners with Peak Hospitality Solutions as part of expansion to Asia
04/22/2015|4:10:27 PM|
HotelREZ Hotels & Resorts, announced its most recent partnership with Singapore-based Peak Hospitality Solutions, as it plans to expand into Asia.
China Eastern’s LCC ambition takes off on a strong note
08/26/2015|8:42:11 AM|
China Eastern Airlines has set up new subsidiaries in order to ensure its LCC venture, China United Airlines, takes off on a strong foundation.
Zhejiang-based Utour Travel gets US$4.67 million investment to upgrade online travel
08/25/2015|6:10:03 PM|
Leisure travel and mini-vacation service Utour Travel recently received a RMB30 million investment, boosting its estimated value to nearly RMB300 million.
Tuniu’s Net revenues increased by 111.9% y-o-y in Q2 2015
08/24/2015|8:50:36 AM|
Tuniu announced its net revenues increased by 111.9% y-o-y to RMB1,518.2 million (US$ 244.9 million) in Q2 2015.
UTour drops planned 2.6-billion-yuan takeover of HuaYuan
02/06/2017|9:47:42 AM|
Outbound tour operator UTour announced on February 2 that it has decided to pull the plug on the plan of fully acquiring HuaYuan travel agency for RMB 2.6 billion, “due to policy changes.”
Tujia completes $300 million round of financing at over US$1 billion valuation
08/03/2015|8:55:59 PM|
Tujia, China’s largest online platform for vacation rentals, has completed its D&D+ round of financing，raising $300 million at a valuation of more than $1 billion.
China overtake Korea as largest visitor source for Japan
08/03/2015|8:53:22 PM|
Japan received over 10 million foreign visitors in the first seven months this year, with the number of Chinese visitors nearly doubling to 2.17 million.
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