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Fosun's tourism unit to raise funds for overseas purchase
Fosun Tourism & Culture Group is in discussions with domestic and international investors for its first round of capital raising to boost overseas investments ahead of flotation, said president Jiannong Qian.
Club Med to open 15 new resorts by 2019
French resort operator Club Med, owned by Chinese group Fosun, plans to open 15 new resorts worldwide in the next three years, including one in China and one in Japan in 2017.
Cruise travel from China surges 91% in 2016
The number of cruise passengers from China surged 91% in 2016 to a record high of more than 2.12 million. Yet the industry has to grapple with issues of deteriorating experience and homogenized itineraries.
Chinese hotel rates drop despite rising demand
Latest data from STR shown that nationwide occupancy increased 5.1% last month. This followed an 8.6% jump in demand for rooms, which significantly outpaced a 3.3% expansion of supply.
Fosun mulls independent IPO of travel business
China's Fosun Group, owner of French resort operator Club Med, considers an IPO to help fund expansion in China, its second biggest market for sales.
Four Seasons accelerates expansion in China to woo high-end customers
Four Seasons will open a host of properties in China and popular travel destinations to pick up its pace of development in China in the coming year.
Hotel room glut drives down room rate and revenue in China
Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.
China plans 8 cruise ships in disputed South China Sea
China will build docking infrastructure and buy passenger liners to tap travel market in South China Sea amid heightened tensions over the disputed waters.
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