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China’s tourism revenues top RMB 4.69 trillion in 2016
01/17/2017|5:43:45 PM|
China’s tourism revenues in 2016 is projected to have reached RMB 4.69 trillion, up by 13.6% YoY. The industry has contributed more than 10.26% to the country’s employment in the year.
Travel agencies organize 23.1% more overseas visits in Q3 2016
01/09/2017|9:26:19 AM|
China’s travel agencies organized 17.02 million outbound trips in the third quarter of 2016, up by 23.1% YoY, according to CNTA data.
Expedia will become world's first $100bn travel agency
12/12/2016|4:49:03 PM|
Expedia is on the way to becoming the world’s first $100 billion travel agency, a landmark it will achieve in the next few years, according to its chief executive.
Tuniu sells 46.5% more trips in Q3 2016
11/30/2016|7:31:56 PM|
Tuniu sold 46.5% more trips in third quarter of 2016 and narrowed down net loss from RMB 766.9 million in previous quarter to RMB 571.7 million this quarter.
Ctrip buys Skyscanner, reaps $4million net income in Q3
11/24/2016|1:46:43 PM|
Ctrip announces the deal to acquire UK-based travel search site Skyscanner. The company reaped USD 4 million net income in Q3 2016, after previous quarter's net loss with Qunar's consolidated results.
Virgin Australia chief executive: China will play a vital role in our future growth
12/30/2016|4:45:34 PM|
Virgin Australia chief executive John Borghetti showed great confidence in China, and believed China will be a key driver of the Australia-based airline’s development and profitability in the next one or two decades.
China Car Experts raises RMB 2.15 billion in A+ and B rounds
12/28/2016|11:49:56 AM|
State-owned car rental company China Car Experts raised RMB 2.15 billion in its series A+ and B rounds. The company received RMB 800 million in its A round in October 2015.
Taiwan OTA KKday raises $7m in A+ round
12/05/2016|9:30:03 AM|
Taiwan-based online travel company KKday received USD 7 million in series A+ round funding for further expansion in Asia.
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