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Search results for “first tier cities”
Chinese travelers to Europe up 4% in first eight months of 2018
10/12/2018
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1:46:52 PM
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Visitors from China heading to Central or Eastern EU destinations up by 10.3% between May and August this year.
Travel supplier Tempus Global to buy 60% stake in Chocolate Happy Land for $26 million
10/12/2018
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12:57:39 PM
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The two companies will cooperate on an equity basis, as Tempus controls substantial traffic flow and Chocolate Happy Land excels at running theme parks.
GreenTree total revenues increases 20.3% in Q2 and 21.7% in H1
08/23/2018
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6:45:25 PM
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The occupancy rate was 82.6% in the second quarter of 2018, a decrease of 0.6% year-over-year. RevPAR was RMB 136 in the second quarter of 2018, representing a 4.6% year-over-year increase.
Ctrip offline stores reap $10.24 million sales in a single day
08/08/2018
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5:38:58 PM
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James Liang, Ctrip's co-founder and executive chairman, said that there is still huge potential for offline stores in smaller cities and that Ctrip will grow its presence in third- and fourth-tier cities.
China’s big 5 hotel platforms have 96% of the market
08/31/2018
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9:42:14 AM
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Ctrip, Meituan, Qunar, Tongcheng-eLong and Fliggy accounted for 96.4% of online hotel bookings in the second quarter.
A fascinating tussle brews for outbound hotel distribution pie in China
07/13/2018
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8:03:20 AM
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The battle to target a bigger pie of the outbound business featuring travelers from lower-tier cities in China is getting intense.
Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more
08/19/2018
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3:54:23 PM
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Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.
Ctrip-invested Tongcheng Tourism leads funding in Mehood Hotel
08/14/2018
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4:16:20 PM
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Mehood expects to add 300 hotels to its inventory and launch 150 hotels by the end of this year, and increase the number of its hotels to 1,500 and open 1,000 hotels by 2022.
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