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CNTA declares war on price slashing in China’s tourism industry
05/08/2015|10:52:10 AM|
China National Tourism Administration is taking action against “price slashing”, yet another malpractice in the cutthroat Chinese tourism industry.
Luring Chinese for international travel – a game that is getting bigger and bigger
03/26/2015|7:24:39 AM|
Foreign tourism boards are trying to capitalize on this opportunity as international travel is increasingly getting more accessible for Chinese households.
Jin Jiang Hotels profits up by 41.48% in Q1 2015
05/07/2015|4:50:07 PM|
Jin Jiang reported a 41.48% increase in revenue and 59.1% increase in net profit in Q1 y-o-y, at RMB909 million and RMB154 million respectively.
Songcheng to invest US$24 million in subsidiary for Fuzhou project
05/07/2015|10:21:36 AM|
Songcheng Performing Arts will set up a wholly-owned subsidiary and use it to acquire certain assets of XHA Group to develop a tourism zone in Fuzhou.
Far East Group negotiating AUD$75 million acquisition of Pullman Cairns International
05/06/2015|4:19:38 PM|
Far East Consortium International’s chairman is in negotiations over a AUD$75 million deal to purchase the five-star Pullman Cairns International.
Chinese visitors still the biggest spenders among Japan’s foreign visitors in Q1
05/05/2015|9:59:35 AM|
Visitor spending in Japan in Q1 this year leapt 64.4% year on year to a total of 706.6 billion yen, achieving a record high for the fifth quarter in a row,
eHi takes the lead in P2P car share
02/28/2015|9:50:36 AM|
eHi will leverage its resources to try to take the lead in the domestic car sharing market with its newly launched online P2P car sharing platform called “hi”.
Youth travel platform E-fenqi gets US$800,000 angel investment
03/17/2015|4:54:58 PM|
E-fenqi, an online platform offering pay-by-installments travel to college students, has recently received an angel investment of RMB5 million.
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