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Investment in China’s tourism industry rises 35% in Q1 2015
05/13/2015|10:30:39 AM|
China’s tourism had RMB105.3 billion in direct investment in 2014, a y-o-y increase of 32%, and 15% more than the national fixed asset investment in the same period.
Poor business models put 90% of China’s theme parks in the red
05/12/2015|10:49:30 AM|
Time Warner and Dreamworks are jointly constructing a 10 square kilometer theme park in Zhuhai.
Uber Guangzhou in the hot seat
05/05/2015|10:00:10 AM|
Guangzhou’s commercial and transportation authorities have launched a joint investigation with the local police on April 30 against Uber Guangzhou.
Spring Airlines net profit soars 46.43% in Q1 2015
05/05/2015|10:00:02 AM|
Spring Airlines recorded RMB254 million net profit in the first quarter of 2015, a y-o-y increase of 46.43%.
Chinese theme parks need to diversify their business models amid booming demand
05/05/2015|9:59:28 AM|
The Chinese market is expected to be able to accommodate at least 10 additional theme parks of similar scale to Disneyland in the next 25-30 years.
Ctrip has US$1.6 billion in holiday product transactions
02/05/2015|4:49:46 PM|
Ctrip’s online transactions for holiday products in China leapt more than 50% to exceed RMB10 billion (approx: US$1.6 billion) last year.
CNTA declares war on price slashing in China’s tourism industry
05/08/2015|10:52:10 AM|
China National Tourism Administration is taking action against “price slashing”, yet another malpractice in the cutthroat Chinese tourism industry.
Jin Jiang Hotels profits up by 41.48% in Q1 2015
05/07/2015|4:50:07 PM|
Jin Jiang reported a 41.48% increase in revenue and 59.1% increase in net profit in Q1 y-o-y, at RMB909 million and RMB154 million respectively.
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