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Phoenix Travel Worldwide plans listing with shell
06/01/2016|9:09:48 PM|
Outbound travel service provider Phoenix Travel Worldwide (“凤凰旅游”) announced plans to go public using Lantian Stock as a shell, pending a share swap within Lantian.
China Lodging Group sharpens portfolio strategy, targets network expansion
01/04/2015|2:56:49 PM|
ChinaTravelNews assesses how China Lodging Group is planning to strengthen its network as well as direct sales capability, which currently accounts for 90% of its bookings.
China’s star-rated hotels post RMB 49.665 billion revenues in Q1 2016
06/16/2016|10:22:59 AM|
China’s star-rated hotels generated total revenues of RMB 49.665 billion in Q1 2016 and average occupancy rate was 48.94%, down by 0.17%.
Data mining emerges as a key differentiator in B2B domain
06/15/2016|10:37:29 AM|
Tourico’s burgeoning data mining initiative is helping Chinese intermediaries in improving upon their product offering by evaluating travel booking behavior. A detailed look at how business intelligence is paving way for competitive edge in the B2B domain.
Ride-hailing service provider Huizuche raises RMB 200 million
06/15/2016|10:35:46 AM|
Ride-hailing service provider Huizuche has raised RMB 200 million in its series B round financing led by H&Q Asia Pacific.
Wukong Car Rental receives millions of yuan in series A round
06/14/2016|10:20:37 AM|
Wukong Car Rental announced that it has received millions of yuan in its A-round funding in May 2016. Bojiang Capital was lead investor and it was joined by Zhen Fund and a private investment fund of Qihoo 360’s cofounder Hongyi Zhou and his wife Huan Hu.
Air France KLM banks on its entrenched sales strategy in China
05/25/2016|11:14:05 AM|
Indirect offline distribution has opened up for foreign carriers in the last couple of years. Air France KLM is making the most of its association with offline and online agencies built over the years to maximize sales.
China inbound visits grow 4.5% in first half of 2016
06/12/2016|10:30:15 AM|
China’s inbound and outbound visitor volume grew 9.8% YoY to 127 million in the first half of 2016, and inbound tourist arrivals were 65.1 million, up by 4.5% YoY.
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