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Tongcheng and eLong said to have entered into a new round of strategic cooperation
08/11/2017|11:50:16 AM|
China Travel News has learned that Tongcheng and eLong have entered into a new round of strategic cooperation.
Chinese outbound tourists increase 5% to 62.03 million in H1 2017
08/04/2017|11:28:49 PM|
China remains the world’s largest outbound tourism source market following a 5% increase year on year in the number of Chinese outbound tourists to 62.03 million in the first half of 2017.
Hilton to introduce new brands to China
08/02/2017|4:21:16 PM|
Hilton is planning more than 400 hotels in Asia Pacific and expects to introduce more brands into China, considered a key market in its future strategy.
China plans to relax private investment limit on state-own airlines
07/06/2017|10:25:16 AM|
Chinese aviation authority CAAC issued a consultation paper proposing state carriers Air China, China Eastern and China Southern be allowed to have a relative control other than absolute control in the state ownership structure.
Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion
07/10/2017|4:14:26 PM|
Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).
Homestay booking site OneHome closes A+ round financing
07/28/2017|3:49:50 PM|
Homestay reservation platform OneHome claimed to have so far completed three rounds of financing, aiming at the homestay booking market for Chinese travelers abroad.
Tujia’s vacation rental platform VaShare closes Pre-A round financing
07/24/2017|6:53:33 PM|
Vacation-sharing platform VaShare received millions of dollars in its Pre-A round financing. The company has completed two rounds of financing in less than six months, receiving around ten million dollars.
Priceline Group CEO: online travel in China may still witness “significant volatility”
06/19/2017|1:58:57 PM|
Priceline CEO Glenn D. Fogel believes that price is still incredibly important in China's OTA market. The key of setting up a brand in China is to understand ecosystems – Baidu, Alibaba and Tencent.
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