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Outbound travel can contribute up to 50% of revenue in 5-10 years: Ctrip CEO
The online travel company is optimistic about driving both revenue growth and margin expansion by leveraging large market scale.
How hotels can embrace the experience economy
In some ways, hospitality and experiences have changed very little. What has changed are the digital platforms that give guests round-the-clock access to both participation and connection.
Chinese travel companies show penchant for embracing cloud services
Cloud is a force to reckon with. Chinese travel companies in their endeavour to embrace agile transformation for the digital era are making progress on this count.
TUI plans to take on local online booking players with $1 billion revenue goal
In the new markets, TUI will ape online travel agencies, selling dynamic packages with the aim of getting to one million customers and $1.1 billion in revenue by 2022.
Meituan scales up core "eating" business, and along with it hotel bookings too!
As the superapp's stickiness grows, one of its investors, Booking Holdings, believes that Meituan is going to act as a vital entry point for outbound travel as well.
IHG CEO: China is “second home market” and OTA is running hotels “to learn”
Mr. Keith Barr is not that concerned on the Chinese hotel giants' international play.
Why technology and hospitality need to be a balancing act
Hoteliers today need to find the right balance of technology and hospitality to cater to what their guests want.
Hotel spas: Not just for resorts anymore
For the seventh consecutive year, urban hotels (16.8%) achieved greater growth in spa department profits compared to resort properties (9.8%).
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Ctrip announces $2 billion facility agreement
UK investor group makes move for Anbang’s luxury hotel portfolio
Marriott looks to China for travel innovators
Ctrip teams up with 10 ride-hailers worldwide to offer mobility in 785 cities
60 airlines ready for Beijing new airport's opening
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