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Tujia to acquire homestay business of Ctrip and Qunar
10/24/2016|7:31:12 PM|
Vacation rental platform Tujia announced on October 20 a strategic agreement to acquire the apartment and house rental operation of China’s OTAs Ctrip and Qunar.
HNA-Caissa to buy outbound tour operator Tiantian Shanglv
10/04/2016|6:08:36 PM|
Caissa Touristic plans to lead E-Life Financial's capital increase by injecting RMB 550 million into the HNA finance unit and acquire tour operator Tiantian Shanglv for RMB 149 million.
Travel agencies organize 17.32% more outbound trips in Q2 2016
09/08/2016|10:02:25 AM|
Travel agencies in China organized 13.72 million outbound visits in the second quarter of 2016, up by 17.32% YoY.
Tujia’s single-day booking exceeds 56,000 room nights after Mayi acquisition
08/15/2016|7:41:45 PM|
Tujia’s single-day orders exceeded 56,000 room nights for the first time, China’s house-sharing market is expected to embrace a new round of explosive growth.
US receives 2.6 million Chinese visitors in 2015
08/09/2016|10:12:41 AM|
Chinese travelers made 2.6 million trips to the United States in 2015, around 18% more than 2014, according to data released by the U.S. Department of Commerce.
China’s tourism revenues grow 12.4% in first half of 2016
08/04/2016|8:50:57 AM|
Domestic travel in China grew 10.47% to 2.236 billion trips in the first half of 2016, and tourism revenues rose 12.4% to RMB 2.25 trillion.
132 international air routes launched in China in Q2, 60% in lower tier cities
07/15/2016|11:10:33 AM|
CAAC approved 132 new international routes operated by local and international carriers, and around 60% of the routes connect with lower tier cities in the country.
QuHappy.com completes Pre-A round financing
07/27/2016|9:31:44 AM|
Destination travel product distribution platform QuHappy.com has announced it had completed its Pre-A round financing in May. The investment from venture capital fund owned by Guangdong Technology Venture Capital Group in the round boosted the valuation of QuHappy to above RMB 100 million.
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