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Trip.com Group appoints executive president of market
Ms. Zhang will continue to serve as chairwoman and CEO of the group's financial unit Ctrip Financial Information Service, reporting to Trip.com Group CMO Mr. Bo Sun.
Meituan's in-store, hotel & travel revenues rise 39.3% in Q3
Annual Transacting Users in the twelve months ended September 30, 2019 grew by 14.0% to 435.8 million from 382.3 million in the twelve months ended September 30, 2018.
GreenTree reports 20.1% rise in revenue, 1.3 percentage points drop in occupancy
ADR was RMB 174, an increase of 4.2% year-over-year. Occupancy rate was 85.9% in the third quarter, compared with 87.2% in the third quarter of 2018.
Trip.com Group reports 12% rise in net revenue
Accommodation reservation revenue climbed 14% to US$576 million and transportation ticketing revenue increased 3% to US$521 million.
Construction of China’s first Legoland park is underway
Other than the Sichuan park and the Shanghai park in plan, Merlin is also in talks with other partners across China to open even more resorts in the future.
India asks airlines to shun Chinese passengers; UK flights suspended for 2 weeks | Daily Brief
Beijing bans Airbnb-style rentals in central area; Travel agencies in southern China suspend group tours to capital.
Trip.com eyes $1 billion second listing; China debuts a new bullet train | Daily Brief
Analysts say investment in MGM by a Chinese travel firm could be "tricky"; Chinese travel agencies handle 53% less domestic trips.
Chinese banks pump investment to boost cultural, tourism industries
The projects are expected to receive a total investment of around USD 95.7 billion.
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Absence of Chinese tourists will cost Australia $1.4 billion
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