Search results for “revenues”
Chinese travelers spend 48% more in South Korea in Q1
04/17/2016|9:14:13 AM|
Chinese tourists spent 48% more in shopping at South Korea’s Lotte Department Store from January 1 to April 11 this year, which was nearly 50% more than the first quarter of 2015 before the MERS outbreak
Ctrip’s story isn’t just about growth, margins too coming into the picture
03/19/2016|11:20:10 AM|
Post consolidation in the OTA space, Ctrip is not only focused on its market share and GMV, but it also looking at hiking the overall margin to improve the financial performance.
Time for Chinese hotels to gear up for dynamic pricing
03/22/2016|11:08:55 AM|
In China, travel companies are still predominantly working on static rates. In fact, some of the Chinese OTAs work on this model too.
China Eastern to expand routes to Europe, America and Australia
04/08/2016|11:14:51 AM|
China Eastern Airlines is making strides in expanding route networks to Europe, America and Australia, with the goal of boosting its international capacity by 20% annually before 2020
Chinese outbound spending up by 16.7%, buying 46% of global luxury goods
04/08/2016|8:31:11 AM|
Global tourism has experienced growth for six years in a row, contributing 10% to world GDP and creating 9.5% of jobs globally, according to WTTC.
Local travel service Yikuaiqu prepares New Third Board listing
04/06/2016|11:23:53 AM|
Chinese local travel platform Yikuaiqu.com may become the first of its kind to get listed on the New Third Board. The company expects to be profitable within three years despite fierce competition in the segment
CAR Inc. net profit soars by 220% thanks to hired and rental services
03/11/2016|10:17:23 PM|
Buoyed by its strategic expansion in car-rental, ride-sharing and second-hand car trading, the B2C-focused CAR Inc. registered 220% growth in net profit last year.
Huazhu plans to open 750-800 new hotels in 2016
03/11/2016|10:17:03 PM|
Chinese multi-brand hotel group Huazhu plans to open 750-800 new hotels in 2016, with 80% for economy hotels and 20% for midscale and upscale ones, and manachised and franchised hotels continue to be the vast majority in the run.
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