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Shanghai Disneyland targets high-consuming middle-class families
02/24/2016|8:29:14 AM|
Shanghai Disneyland Resort is eyeing the high-consuming middle-class families whose consumption will also benefit real estate development, aviation, railways and highways in the vicinity.
Double-digit growth in Chinese outbound travelers continues for the 12th year
01/30/2016|4:05:17 PM|
China remains a leading force in the global market of outbound tourism with Chinese outbound visitors increasing at a double-digit rate for 12 years in a row.
6 million Chinese tourists spend RMB 90 billion overseas for New Year Holiday
02/16/2016|8:43:43 AM|
A record 6 million Chinese travelers traveled overseas during the Spring Festival holidays, spending RMB 90 billion in their travel, as China remains the world’s largest source market for outbound travel spending for three years.
Chinese tourists embrace new ways of travel in 2016
02/03/2016|11:38:15 AM|
Novel outbound travel, family tour and cruise vacations is expected to grow significantly in 2016 as the Chinese population enjoy better quality of life and the tourism sector is offering better-quality service.
China Southern’s 2015 net income exceeds RMB 3.7 billion
01/28/2016|11:16:34 AM|
China Southern Airlines finished the year of 2015 with flying colors, reporting net income estimated to exceed RMB 3.7 billion, the preliminary estimate of net income attributable to shareholders in 2015 shows y-o-y increase of between 110%-130%.
Meituan-Dianping raise US$2.8 billion in financing
12/23/2015|9:29:03 PM|
Meituan-Dianping has already raised US$2.8 billion in financing as of mid-December this year through the issuance of Class B shares.
China Lodging completes acquisition of Crystal Orange Hotel
05/31/2017|11:12:22 AM|
China Lodging Group (Huazhu Hotels) announced that it has closed the acquisition of Crystal Orange Hotels for RMB 3.65 billion (USD 540 million).
Chinese real estate firm acquires 90.5% stake in luxury travel firm A&K
05/09/2017|10:47:03 AM|
Chinese real estate and investment company Zhonghong Group announced on May 8 that it plans to acquire a 90.5% stake in luxury travel company Abercrombie & Kent (A&K) for USD 412.49 million.
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