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Huatian Hotels gets cash windfall from private investors
01/05/2015|6:30:45 PM|
Huatian Hotels intended to issue only 150 million shares to raise RMB600 million, but Huaxin Turbine offered RMB1.653 billion in cash for 29.44% equity.
Qunar vies for market share with startups in open platform scheme
01/05/2015|2:50:43 PM|
Qunar is aggressively recruiting startups in a bid to counter strong competition and secure a corner on the market.
Can new rules help airlines establish order in ticket sales?
12/15/2014|10:39:25 AM|
China Southern and China Eastern separately released a “Notice regarding the marketing order for air tickets sold online” to reign in errant ticketing agents.
Qunar’s customer poaching riddled with “phantom sales”
12/31/2014|2:57:31 PM|
Qunar staff tasked to “poach” hotel customers are airing their frustrations about unscrupulous tactics of the company.
Top 20 Chinese travel groups for 2014 announced
12/12/2014|11:05:50 AM|
The Top 20 Chinese Travel Groups Ranking was jointly released by China Tourism Academy and the China Tourism Association on December 11.
China’s hotels register 58.31% AOR in Q3
12/30/2014|5:24:39 PM|
China’s star-rated hotels had total revenues of RMB54.816 billion at average occupancy rate (AOR) of 58.31% in Q3 of 2014.
HKCTS shifts focus to combining tourism with real estate
12/29/2014|9:52:25 AM|
HKCTS is focusing on developing tourism lifestyle products and redefining its destinations.
US investor puts US$23 million on Qunar
12/17/2014|5:31:11 PM|
Travel industry capital management company Par Capital Management has acquired 2.56 million of Qunar’s shares.
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