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Leisure travel firm Tuniu reports 62.8% decline in Q4 revenue

03/17/2023|7:39:13 PM|

The company expects net revenues to increase by 45%-55% in Q1 2023.

Chow Tai Fook invests in H World-affiliated firm to expand accommodation business

10/17/2024|6:25:31 PM|

The investment marks Chow Tai Fook’s strategic move to further tap into customer segmentation in niche markets.

Chinese airlines cut European flights

10/15/2024|8:37:54 PM|

Limited subsidies and weak demand drive the cancellations.

More wealthy Chinese travel abroad, redirecting domestic tourism spending

10/14/2024|7:11:14 PM|

The outflow of spending power has directly impacted Hainan’s offshore duty-free market.

Trip.com Group claims $4.3 billion annual value from membership program

10/11/2024|10:11:38 PM|

User spending rose 10% annually before the pandemic.

Prosus liquidates entire stake in Trip.com for $1.6 billion

09/30/2024|4:26:55 PM|

The Chinese OTA’s stock price has reached its record high.

Lufthansa plans to suspend Beijing flights as German investments in China reach record high

09/23/2024|8:48:08 PM|

Travel demand is being stifled by visa restrictions.

China Hotel Market Value Index reveals new trends

09/18/2024|7:52:21 PM|

New first-tier cities are becoming prime battlegrounds for high-end hotel competition.

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