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Ctrip's lodging revenue rises 30% to $1.5 billion, transport revenue climbs 38%
03/15/2018|10:24:20 AM|
Skyscanner's Q4 direct booking revenue nearly doubled year-on-year, and Trip.com achieved triple-digit growth in air ticketing volume.
Smart transport provider Tech Valley secures tens of millions of yuan
03/29/2018|1:35:00 PM|
The company is expecting revenues in excess of RMB 60 million in 2018 and RMB 100 million in 2019.
Ctrip starts to deliver combined impact of group companies
03/19/2018|7:39:04 PM|
The online travel group has singled out the performance of its international businesses, along with the contribution from registered users and the growth in lower-tier cities in China.
ChinaTravelNews Briefing: Ctrip ends cruise venture, China merges culture-travel offices
03/24/2018|9:55:47 AM|
Ctrip, Royal Caribbean Cruises announced to end their joint venture; China planned to merge culture and tourism authorities; Tujia hoped to work with Airbnb; and B&B and e-guide startups raised capital.
Shared lodging brand Islands secures tens of millions of yuan in financing
04/17/2018|8:51:26 AM|
Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.
China hotels to gross $796 billion in 2018 in accommodation and F&B services
04/13/2018|5:54:46 PM|
Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.
Caissa Touristic cuts private offerings by nearly RMB 800 million
09/29/2016|2:50:39 PM|
Caissa Touristic announced on September 26 that it has lowered its private placement target from the original RMB 8 billion to RMB 7.208 billion.
Chinese star-rated hotels generate 57.77 billion yuan in Q4, AOR at 57.71%
03/20/2018|6:37:32 PM|
Some 9,775 star-rated hotels in China reported totaled operating incomes of 57.77 billion yuan in Q4 2017, of which 25.251 billion yuan, or 43.71%, was room revenues.
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