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Outbound Chinese tourism expenditure to reach US$264 billion in five years
03/13/2015|2:32:23 PM|
By 2019 the number of Chinese tourists will total 174 million spending US$264 billion, up 60% from 2014.
Chinese tourists made 1.1 million trips to Russia in 2014
03/19/2015|6:10:45 PM|
China has overtaken Germany as the top visitor source market to Russia with 1.1 million arrivals last year as recorded by the Border Service of Russia.
Wanda Tourism sees excellent growth in subsidiaries
12/17/2014|10:24:28 AM|
Wanda Group’s tourism subsidiaries reported RMB1.71 billion revenues, equivalent to 24% of this year's annual revenue goal of RMB 7.125 billion.
China integral to Club Med’s goal of attaining global leadership
03/04/2015|6:00:55 PM|
According to Club Med’s development plan, China will become the second largest market after France for Club Med by 2015.
Beijing five-star hotels suffer losses in 2014
04/02/2015|9:47:55 AM|
As hotels are rushing to fill vacancies with leisure travel customers the industry is finally on the path to healthy development.
Alitrip kicks off “future hotels” scheme with “Credit Stay” service
03/31/2015|7:21:29 AM|
Alitrip has introduced Credit Stay in the first stage of its “future hotels” strategy that aims to revolutionize OTA involvement in the hotel industry.
Fosun to snap up Thomas Cook’s Concept Hotels for European foothold
03/12/2015|4:46:31 PM|
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
Shanghai Disneyland set to open next spring
03/09/2015|10:12:12 PM|
Shanghai Disney Resort is to set its pricing, and industry observers speculate that admission prices will range between RMB300 to RMB400 traffic.
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