Search results for “New Year”
HNA Group generates RMB 13.7 billion from New Third Board listings
02/03/2016|11:37:59 AM|
HNA Group made it to Fortune Magazine’s Top 500 list for the first time in 2015, ranking 464th with total revenue of USD 25.6 billion in the previous year. The company announced on January 28 that its total revenue in 2015 was RMB 188.1 billion (about USD 28.59 billion) in 2015.
Club Med accelerates growth in China aided by Fosun
02/22/2016|8:37:03 AM|
Having launched two resorts in China in 2015, Club Med is picking up development speed and plans to open 15 more in the next five years and will have a total of 20 resorts in China by then.
Expedia sees a bright future in China
02/01/2016|11:41:47 AM|
Expedia has a two-fold approach for each and every market. Firstly, building own brands organically and secondly, partnering with strong local brands. Currently,the company is looking at optimizing marketing mix, looking at new payment options other than Alipay and also sharpening hotel content via contracting as well as tie-ups with local OTAs.
Joyu Group captures RMB 800 million funding to kickstart crossover of drama IP with travel and internet
02/05/2016|6:44:01 PM|
Joyu Group has gained RMB 800 million funding from a group of investors including Huace Film & TV on February 4. The deal will kickstart a new era for crossover collaboration between China’s movie and tv show giants and tourism destination operators.
Double-digit growth in Chinese outbound travelers continues for the 12th year
01/30/2016|4:05:17 PM|
China remains a leading force in the global market of outbound tourism with Chinese outbound visitors increasing at a double-digit rate for 12 years in a row.
CITS and HKCTS to merge into largest state-owned travel enterprise
02/26/2016|11:28:23 PM|
The CITS Group Corporation and the HKCTS Group Corporation are planning a possible consolidation. The plan, yet to be finalized, will have to be approved by the authorities.
Expedia reports Q4 and FY2015 results
02/11/2016|5:57:39 PM|
On February 10 Expedia announced financial results for the fourth quarter and full year 2015 with its gross bookings increased 40% and revenue increased 29% year-over-year in the fourth quarter of 2015.
CNTA: holiday travel in China still growing
02/15/2016|11:21:36 AM|
Travel continued to grow during this year’s Spring Festival holidays, as the market offered a diversified range of travel products such as tours of heritage towns, hot-spring wellness holidays, and fun on ice and snow. As well, outbound tourism has become a mainstay.
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