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Booking Holdings holds 8% and Baidu holds 19% equity of Ctrip in 2018
03/18/2019|10:21:45 AM|
Total revenues grew from RMB7.8 billion in 2014 to RMB31.1 billion (US$4.5 billion) in 2018, representing a compound annual growth rate of 41.4%.
OpenJaw and ANA collaborate to create a new booking platform
04/16/2019|9:38:24 AM|
Once the ANA NDC platform has been launched, ANA will add further well-known airfare aggregators to expand access to more distribution partners, such as travel agents and service providers.
GIATA announces product launch at ITB - Room Type Mapping
03/05/2019|6:35:07 PM|
GIATA will present their Room Type Mapping solution at the 53rd ITB Berlin, Germany from 6th to 10th March 2019.
Peakwork invests in Chinese technology partner Zhouyou
02/22/2019|2:46:59 PM|
The two partners are aiming to accelerate the roll-out of the powerful German travel technology and the expansion of the Leisure Travel Network in China.
China Southern sells 5.01% stake in TravelSky to China Mobile
12/17/2018|5:22:57 PM|
After selling its 5.01% stake in TravelSky to China Mobile, Southern Holding will have its stake in TravelSky reduced to 9.18% and cease to be a substantial shareholder of the company.
Chinese travelers to make 7 million outbound trips during Chinese New Year
01/30/2019|3:13:36 PM|
Top five international countries for Chinese travelers during Chinese New Year 2019 are, in descending order, Thailand, Japan, Singapore, Malaysia, and the United States.
Wanda unveils mid-end hotel brand, Shangri-La ties up with Klook, and more
12/10/2018|11:54:46 AM|
Visa-free entry to the EU may add €12.5 billion more tourism spending from Chinese visitors every year. Budget airlines in China are actively growing ancillary revenues, while state-owned carriers only provide prepaid seat selection options for international flights.
Ctrip embarks on hotel operation, Xiaozhu gets $300 million funding, and more
10/18/2018|8:22:02 AM|
High-speed railway passenger volume increased by more than 50% year-on-year during China’s National Day holiday, Airbnb rival Xiaozhu has pocketed $300 million for beefing up security and services.
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