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ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017|2:15:13 PM|
In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
Ctrip looks to invest in overseas restaurant booking platforms
12/20/2017|9:18:53 AM|
Ctrip is in talks with international platforms like foodpanda, Yelp, Chope, iMenu360 and MenuDrive to extend to dining booking overseas.
Travel site Lvmama’s parent Joyu Culture Media secures another $402 million
12/27/2017|12:39:55 PM|
Joyu Culture Media has raised $402 million in its latest financing after the September round. The latest round is completed through a third-party limited partnership acquired by Fullshare Holdings.
China’s domestic & inbound tourism to gross over $795 billion in 2017
12/25/2017|9:11:04 AM|
Statistics show that domestic and inbound tourism in China will generate traffic exceeding 5.1 billion in 2017 and total revenue of over $795 billion, contributing more than 10% to GDP and employment.
Chinese visitors contribute more than $1 billion to Canadian economy
12/19/2017|5:23:06 PM|
Estimation shows that 750,000 Chinese tourists will have visited Canada by the end of 2017, a 23% increase over the previous year.
ITB China 2018 partners with China Tourism Academy
12/13/2017|1:46:36 PM|
The research conducted by China Tourism Academy focusing on China’s outbound travel will be presented at ITB China 2018.
Ctrip-backed CME to buy 35% stake in Mind Letu for RMB 16.7 million
12/20/2017|9:25:44 AM|
Mind Letu will be transformed after the acquisition to create synergy in the demand-supply chain of research and study trips and customer acquisition channels so as to enhance its competitiveness.
Yueban Travel to acquire Vancouver and Liaoning travel agencies
12/06/2017|12:03:42 PM|
Dalian Yueban Travel has announced that it will acquire full ownership of Vancouver-based Star East Travel and Liaoning-based Beiguo International Travel for a total of RMB 13.18 million.
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