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International hotel groups boost efforts to cater to Chinese corporate travelers
05/12/2015|10:49:23 AM|
“Many Chinese travelers see the hotel they stay in as a symbol of career status.“
Huatian Hotel’s revenue plunges 39.51% y-o-y in Q1 2015
04/29/2015|9:32:24 AM|
Huatian Hotel Group recorded RMB263 million operational revenue and RMB48.7938 million net profit, down 39.51% and 28.03% y-o-y respectively.
Caissa Touristic uses shell company Easy Food to go public
04/20/2015|3:16:48 PM|
Publicly listed Easy Food will issue 432 million shares to give HNA Tourism majority control and make it a shell for HNA subsidiary Caissa Touristic.
China Southern to expand Hainan operation in next five years
04/21/2015|3:15:02 PM|
China Southern Airlines will expand its fleet in Hainan to more than 40 aircraft and have fixed assets of RMB18 billion by 2020.
Boeing: China’s LCC market share to reach 30% by 2033
03/20/2015|9:45:32 AM|
The LCC market will make up of 35% of the global single-aisle air transportation capacity by 2033.
Overseas chauffeur service Huiwan raises US$3 million in Pre-A Series financing
04/27/2015|9:39:10 AM|
Overseas tourism Chinese-language chauffeur platform Huiwan received a RMB20 million in the Pre-A financing round from New Margin Ventures.
Utour records 40.32% jump in revenue in 2014
04/14/2015|9:21:42 AM|
Utour reported stable growth, with 46.92% y-o-y growth in revenue for its wholesale operations and 42.03% growth in retail operations for 2014.
HotelREZ partners with Peak Hospitality Solutions as part of expansion to Asia
04/22/2015|4:10:27 PM|
HotelREZ Hotels & Resorts, announced its most recent partnership with Singapore-based Peak Hospitality Solutions, as it plans to expand into Asia.
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