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Travelport Worldwide Limited reports fourth quarter and full year 2015 results
02/19/2016|12:49:45 AM|
Travelport Worldwide Limited (NYSE: TVPT) announces its financial results for the fourth quarter and full year ended December 31, 2015. Its net revenue increased by 3% while adjusted EBITDA decreased by 1% and its revenue from Beyond Air grew by 21% in Q4.
Double-digit growth in Chinese outbound travelers continues for the 12th year
01/30/2016|4:05:17 PM|
China remains a leading force in the global market of outbound tourism with Chinese outbound visitors increasing at a double-digit rate for 12 years in a row.
6 million Chinese tourists spend RMB 90 billion overseas for New Year Holiday
02/16/2016|8:43:43 AM|
A record 6 million Chinese travelers traveled overseas during the Spring Festival holidays, spending RMB 90 billion in their travel, as China remains the world’s largest source market for outbound travel spending for three years.
TravelDaily China will present on ITB Berlin
02/11/2016|6:23:48 PM|
As the strategic partner of ITB, TravelDaily will also be exhibiting at the trade show, and organize various events focusing on China’s outbound travel and the change of consumer behavior.
Sabre reports fourth quarter and full year 2015 results
02/09/2016|11:23:46 AM|
Sabre's Q4 2015 Travel Network revenue increased 22.3% to $531.2 million and its Adjusted EBITDA increased 20.9% to $208.0 million. Total bookings increased 33.0% driven by the acquisition of Abacus and continued strong growth in North America and EMEA.
Joyu Group captures RMB 800 million funding to kickstart crossover of drama IP with travel and internet
02/05/2016|6:44:01 PM|
Joyu Group has gained RMB 800 million funding from a group of investors including Huace Film & TV on February 4. The deal will kickstart a new era for crossover collaboration between China’s movie and tv show giants and tourism destination operators.
Chinese tourists embrace new ways of travel in 2016
02/03/2016|11:38:15 AM|
Novel outbound travel, family tour and cruise vacations is expected to grow significantly in 2016 as the Chinese population enjoy better quality of life and the tourism sector is offering better-quality service.
China set to become world’s largest business travel market
02/02/2016|11:00:36 PM|
China’s inbound and outbound tourism traffic is expected to grow 5% in 2016, to 263 million, of which inbound tourist arrivals are expected to increase by 2.5% to 137 million, while outbound tourism traffic will increase by 8% to 126 million.
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