Search results for “China's outbound tourism”
CITS nets 20% more profit in 2016
05/05/2017|1:51:32 PM|
CITS Group posted operating revenue of RMB 22.39 billion in 2016, up by 5.16%. Net profit last year climbed 20.07%. Operating revenue grew 10.54% in the first quarter of 2017 while net profit for the period rose 5.83%.
CITS wins duty-free concession at Beijing Capital Airport
07/05/2017|7:17:46 PM|
CITS subsidiary China Duty Free Group has won duty free concession at Beijing Capital Airport for the next eight years. The company is to acquire a 51% stake in Sunrise Duty Free.
China inbound visits grow 4.5% in first half of 2016
06/12/2016|10:30:15 AM|
China’s inbound and outbound visitor volume grew 9.8% YoY to 127 million in the first half of 2016, and inbound tourist arrivals were 65.1 million, up by 4.5% YoY.
Directions raises millions of yuan in series Pre-A round
06/16/2016|3:34:57 PM|
Outbound travel service platform Directions announced that it has closed its Pre-A round with millions of yuan from ONES Ventures. The money will be invested in product R&D and marketing.
Outbound agency Phoenix Travel invests in Australian tour operator
04/11/2017|1:33:25 PM|
Chinese outbound travel agency Phoenix Travel announced that it has made a strategic investment in Grandcity Travel, an Australia-registered firm with local bus fleets and Chinese-speaking tour guides.
Countdown to the first ITB China Conference
04/20/2017|10:07:56 AM|
Managers from major Chinese travel companies will provide insights into the expanding China market. The ITB China Conference has three areas of focus: destinations, online travel and business travel.
Joint-venture agencies with foreign capital to conduct outbound tours
05/26/2016|10:27:10 AM|
Beijing allows joint-venture travel agencies with foreign capital to conduct outbound tours to overseas destinations except Taiwan under a new pilot scheme
Japan sees cooling down of shopping frenzy among Chinese tourists
05/26/2016|5:31:44 PM|
The shopping craze of China’s visitors in Japan appears to be cooling, as the duty-free shopping spend by mainland visitors decreased by 9.3% while arrivals from China skyrocketed 50% in the first four months of this year.
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