Search results for “Asia”
China Lodging Group buys Crystal Orange Hotel for $540 million
02/27/2017|9:39:22 AM|
China Lodging Group (Huazhu Hotels) announced an agreement to buy 100% stake in boutique hotel operator Crystal Orange for RMB 3.65 billion (USD 540 million).
Ctrip sees 430-billion-yuan GMV in 2016
02/24/2017|9:53:15 AM|
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.
Meituan-Dianping launches overseas lodging service
02/15/2017|9:14:24 AM|
Chinese group-deal platform Meituan-Dianping announced that the company has rolled out overseas accommodation service on its two major apps, offering over 120,000 overseas properties for booking, of which 25% are high-rated hotels.
Expedia's gross bookings rise 21% in 2016
02/09/2017|7:37:11 AM|
Expedia reported gross bookings of USD 72.43 billion in 2016, up by 21% YoY. Revenue rose 32% to USD 8.77 billion and net income attributable to the company was USD 281.8 million in the time.
Sabre revenue rises 13.9% YoY in 2016
02/07/2017|9:57:19 PM|
Sabre reported revenue growth of 13.9% to USD 3.373 billion in full-year 2016. Consolidated net income attributable to common stockholders totaled USD 242.6 million, down by 55.5% YoY.
China's new family-travel trend poses opportunities
01/13/2017|6:44:18 PM|
China's evolving family-travel trend poses new opportunities for the industry to target with more creative offerings beyond families of younger parents and small children, according to travel search site Wego.
Ctrip will attain trillion-yuan GMV two years sooner – CEO Jane Sun
01/09/2017|6:37:42 PM|
Ctrip CEO Ms. Jane Sun said that the company will achieve its goal of reaching one-trillion-yuan GMV by 2018, instead of 2020 as previously anticipated.
Tempus Global to buy 52% holding of Jettour for RMB 52 million
01/06/2017|11:41:59 PM|
Tempus Global will acquire 52% holdings of outbound tour operator Jettour for RMB 32 million in cash and RMB 20 million in capital injection.
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