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HK retail industry facing massive closures after drastic drop in mainland visitor number
08/27/2015|3:04:10 PM|
Arrivals to Hong Kong in the first half of 2015 grew only 2.8%, the slowest rate of growth since 2009 and retail industry is bracing itself for a wave of shop closures.
Attractions and shuttle platform Napiao gets angel investment
08/26/2015|11:51:02 AM|
Beijing-based excursions platform Napiao has just received an angel investment of RMB5 million (approx: US$778,403) from Magic Stone Alternative Investments.
China Eastern’s LCC ambition takes off on a strong note
08/26/2015|8:42:11 AM|
China Eastern Airlines has set up new subsidiaries in order to ensure its LCC venture, China United Airlines, takes off on a strong foundation.
WTTC: China will top in tourism investment by 2025
08/26/2015|8:40:38 AM|
The World Travel and Tourism Council projects that China’s investments in tourism, estimated to total US$278.7 billion, will overtake the USA by 2025.
New World sells three HK hotels to Abu Dhabi JV
05/05/2015|3:59:38 PM|
New World Development announced it will transfer the full ownership of three Hong Kong hotels to a joint venture the HIP Group.
Zhejiang-based Utour Travel gets US$4.67 million investment to upgrade online travel
08/25/2015|6:10:03 PM|
Leisure travel and mini-vacation service Utour Travel recently received a RMB30 million investment, boosting its estimated value to nearly RMB300 million.
France receives 50% more Chinese visitors in Q1 of 2015
08/25/2015|8:44:07 AM|
The number of Chinese visitors to France grew 50% y-o-y in the first quarter of 2015, and the France issued 56% more visas to Chinese nationals.
Spring Airlines reports 15.04% revenue growth in the first half of 2015
08/25/2015|8:44:00 AM|
Spring Airlines reported 128.1% y-o-y increase in net profits to RMB620 million in its fiscal report for the first half of the year. The earnings per share was RMB1.62.
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