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Tour operator groups post revenue upsurge buoyed by outbound growth
04/28/2017|1:54:02 PM|
Chinese tour operator giant Utour Group recorded operating revenue of RMB 10.1 billion in 2016, up 20.71% YoY, while peer HNA-Caissa’s operating revenue of the year grew 34.48% to RMB 6.64 billion.
Sabre unveils behaviors and motivations of Chinese travelers
05/08/2017|2:30:43 PM|
Higher disposable income (20%), enabling technologies that make traveling more convenient (17%), and access to relevant travel information (15%) are the top three factors that have contributed to this increase in travel.
GTA to join Hotelbeds Group
04/21/2017|4:41:47 PM|
Hotelbeds Group announced on April 21 plans to merge GTA into its Bedbank business unit after it announced plans for Tourico to join the group in February.
Tempus Global’s net profit increased 22.52% in 2016
04/28/2017|1:42:34 PM|
Travel and finance group Tempus Global’s operating revenue grew 37.93% to RMB 1.28 billion in 2016. Net profit rose 22.52% YoY to RMB 178 million in the time.
Meituan-Dianping launches home-sharing platform Zhenguo.com
04/13/2017|3:49:46 PM|
Meituan-Dianping has officially launched the App of its home-sharing platform Zhenguo.com.
SEC report: HNA Group owns 26.5% stake in Tuniu
04/18/2017|6:39:51 PM|
A recent SEC filing shows that HNA holds a 26.5% stake in Tuniu and JD.com controls a 20.6% stake in the company, as of March 31, 2017.
Flight Centre acquires 24.1% interest in Argentina’s Bibam
04/12/2017|8:09:50 PM|
Flight Centre had acquired a 24.1% interest in Bibam to strengthen its global e-commerce presence and capabilities.
HNA Holding cuts loss by 89.8% amid buying spree
04/26/2017|10:05:37 AM|
HNA Holding reduced annual loss by 89.8% last year while actively exploring overseas investment opportunities.
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