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Huazhu ranked 4th globally, Meituan files for IPO, and more in ChinaTravelNews Briefing
07/09/2018|10:48:48 AM|
AccorHotels’ shareholder Huazhu surpassed IHG in market capitalization as the world’s fourth highest valued hospitality group. Tencent-invested e-commerce and travel firms Meituan and Tongcheng Elong filed for Hong Kong listings.
Alibaba's ecosystem + Fliggy - how the combo is set to simplify travel buying?
06/19/2018|9:05:31 AM|
Alibaba garners vital information about its users with the presence of Fliggy, Taobao and Alipay in one user interface, taking friction out of trip planning and buying.
Chinese tourists contribute over one-fifth to global outbound spending
02/27/2018|9:04:38 AM|
In the next decade, about one-fourth of global employment is expected to emerge in the travel industry, with Chinese tourism being the major driving force.
Southeast Asia benefits from Chinese visitor fallout in Japan and South Korea
08/21/2017|8:52:46 AM|
Southeast Asian countries were the major beneficiary of Chinese tourism fallout in South Korean in the first half of 2017, as the destinations share similar pricing ranges, travel duration and customer base.
TravelersBox gears up for its foray into China
05/04/2017|10:31:49 AM|
TravelersBox operates kiosks at airports that allow travelers to convert their leftover foreign currency into digital money. The company hopes the Chinese travelers, too, will like the idea.
Destination service LazyCat Travel gets millions of yuan in A+ round
03/08/2017|11:22:15 AM|
Destination travel supplier LazyCat Travel raised millions of yuan in its series A+ round. The company focuses on outbound sector and distributes around 90% of its tour products on Alibaba’s travel marketplace.
Ctrip gets Japan tour operator license to tap into Japan tourism boom
12/02/2015|12:24:24 AM|
Ctrip has seen visitor number to Japan doubling and has became the first Chinese OTA to get a tour operator license in Japan.
Zhubaijai gets US$78 million strategic investment from HNA Group
09/24/2015|10:49:08 AM|
HNA Group is making a strategic investment in the Series C financing round of Chinese overseas rental platform Zhubaijia.
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