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Fosun to snap up Thomas Cook’s Concept Hotels for European foothold
03/12/2015|4:46:31 PM|
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
Maldives’ tourism left high and dry as Chinese arrivals plummet
03/03/2015|9:47:27 AM|
Although the number of Chinese visitors in 2014 grew 9.6% y-o-y, the growth rate began to falter and then fell 33.1% by January 2015.
China’s global hotel investment set to accelerate
03/02/2015|9:49:39 AM|
Chinese investors will inject more than 200 million GBP annually into the global hotel marketboosting their market share from the current 4% to 10% by 2017.
2014 online shopping and O2O trends for Chinese netizens
02/25/2015|10:23:03 AM|
Chinese consumers spend the most on travel products when shopping online, an average of RMB3,750 per year, according to a McKinsey report.
Starwood Capital seeks Sunshine Insurance investment in hotel management company
02/09/2015|10:11:24 AM|
The high growth period for China's domestic property market has past and Chinese companies are now forced to invest in overseas real estate.
NYC tourism industry targets Chinese market
02/05/2015|5:50:28 PM|
With the strengthened US dollar, NYC authorities are especially targeting Chinese tourists in a bid to attract more overseas visitors.
China’s international perception needs makeover to lift inbound tourism
01/15/2015|8:49:16 AM|
Negative international perception of China is leading to a decline in inbound tourism to China according to a China tourism international public opinion survey.
Chinese outbound travelers estimated to top 117 million in 2014
01/14/2015|6:19:19 PM|
A survey also shows that short-haul destinations were still more popular, though the number of Chinese travelling to Southeast Asia plunged more than 34%
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