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GreenTree takes a 4.95% stake in New Century Hotel for $29.2 million
03/11/2019|4:19:27 PM|
GreenTree said that "there will be potential collaboration opportunities between the two companies" in the mid-scale to upscale hotel segment.
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.
Fliggy issues 2018 Travel Report
01/28/2019|10:42:26 AM|
The increase in the number of outbound Chinese travelers was 20% higher than that of domestic travelers YoY.
China’s Top 20 Tourism Groups report GMV exceeding 1.5 trillion yuan again
12/14/2018|9:59:54 AM|
China’s biggest tourism companies have been reporting annual turnover exceeding 10 billion yuan and GMV of trillions of yuan since 2016.
Booking.com is promoting its home listings while expanding partnerships in China
12/02/2018|7:21:30 AM|
As one of the largest travel e-commerce companies in the world, Booking.com is playing catch up in homes category by showcasing more homes and apartments than traditional accommodations.
Ctrip issues 2018 Chinese Cross-border Travel Consumption Report
11/23/2018|1:36:36 PM|
Chinese tourists’ spending in the United States, Australia, Canada and Japan still ranked top, and the spending level continued to increase rapidly.
7m Chinese to peak National Day break, Meituan in-store, hotel & travel up 44.1% in revenue, and more
09/30/2018|1:16:38 PM|
Around seven million Chinese are expected to travel abroad during the Golden Week. Meituan was listed in Hong Kong and reported a 10.6% rise in in-store, hotel and travel businesses GTV and 44.1% in revenue.
Sino-US travel hit by trade war, Tencent to buy $400m stake in Meituan IPO, and more
09/03/2018|10:51:01 AM|
Chinese tourists to Russia increased by 150% in January-July 2018. Weekly travel bookings from China to the US dropped by 8.4%. Meituan is to go public in Hong Kong on Sept. 20, and Tencent plans to buy $400 million worth of shares in the IPO.
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