Search results for “tour agency”
Tongcheng Tourism plans demerger and separate IPOs
06/20/2016|10:20:43 AM|
Tongcheng plans to split its business into two separate entities: a travel agency selling leisure tours and attractions and a network grouping the company’s profitable standardized products in air, accommodation and railway.
CNTA bans commissioned sale of outbound tourism products
05/29/2015|9:20:01 PM|
A new CNTA regulation will deal a blow to the SMEs without outbound tourism licenses and have a major effect on the market in third and fourth tier cities.
Tuniu banks on transaction volume for “favourable pricing”
06/01/2016|10:22:25 AM|
Tuniu is counting on their intrinsic strengths to not only sustain fruitful supplier relations, but also diversify to meet the demand for self-guided tours and target additional revenue streams.
UTour makes strategic investment in Yunnan outbound travel agency Joyer’s Journey
05/26/2016|10:05:44 AM|
Chinese outbound travel operator UTour has entered into a strategic investment agreement with Yunnan outbound travel agency Joyer’s Journey (“卓越之旅”) to expand its outbound travel retailing market in Yunnan province.
LY.com taps into TMC segment by funding DT Travel
05/04/2016|8:47:36 PM|
LY.com announced that it has invested in DT Travel’s series A round. The move will help it expand in the TMC segment, which is estimated to be turning over more than RMB 100 billion and is expected to grow by 15%-20% annually for the next five years
China Eastern expects RMB 2 billion revenue growth buoyed by Shanghai Disney
05/26/2016|7:25:20 PM|
China Eastern Airlines expects to receive two million more travelers brought on by the opening of the Shanghai Disney Resort. This would translate to RMB 2 billion additional revenue, according to the carrier’s sales director Bo Dong
CNTA mandates using bank escrow accounts to hold outbound tourist deposit
02/23/2016|8:31:00 AM|
The Chinese tourism authority CNTA has issued a series of regulations on the country’s outbound tourist deposit collection requiring all deposit to be held in escrow accounts by banks.
Travel agency GuangZhiLv acquires outbound wholesaler HuangGuanMeiTu
04/20/2016|9:03:59 AM|
GuangZhiLv has formed a Hunan branch with HuangGuanMeiTu after acquiring the wholesaler in central China that specializes in short-haul tours to Southeast Asian destinations
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