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Search results for “MICE”
China's mega-tours draw attention abroad, critique at home
05/25/2015
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3:05:41 PM
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Chinese versions of Amway, Avon and Herbalife are taking reward travel for its salespeople to an extreme by sending thousands abroad on package tours.
Utour records 40.32% jump in revenue in 2014
04/14/2015
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9:21:42 AM
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Utour reported stable growth, with 46.92% y-o-y growth in revenue for its wholesale operations and 42.03% growth in retail operations for 2014.
Yearly hotel expenditure by Chinese MICE buyers reach US$230 million
06/09/2014
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10:52:49 AM
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The IBTM Meetings Industry Report highlights that the 294 Chinese MICE Buyers who attended last year’s CIBTM event in Beijing had invested US$ 230 million in the previous year on hotels as meetings venues, predicting a big potential for growth this year as international hotel chains are the no. 1 service provider the Hosted Buyers want to meet face to face.
LY.com taps into TMC segment by funding DT Travel
05/04/2016
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8:47:36 PM
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LY.com announced that it has invested in DT Travel’s series A round. The move will help it expand in the TMC segment, which is estimated to be turning over more than RMB 100 billion and is expected to grow by 15%-20% annually for the next five years
Europe will receive a million more Chinese visitors this year
04/11/2016
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8:28:16 AM
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Europe received a total of 12.5 million Chinese visitors in 2015 and the continent is expected receive 7.4% more Chinese visitors this year
Tuniu teams up with Capital Airlines for deals
03/24/2016
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3:47:50 PM
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China's online travel giant Tuniu announces a strategic cooperation plan with Capital Airlines
Ctrip’s partner UTour plans full acquisition of HuaYuan
03/03/2016
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6:18:43 PM
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Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.
UTour might acquire Huayuan for in-depth cooperation with Ctrip
01/27/2016
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5:58:51 PM
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UTour might take full control of Huayuan and carry out in-depth cooperation with Ctrip on vacation tours. This might be the largest merger ever in the vacation tourism sector of China.
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