Search results for “tourism consumption”
South Korean businesses suffer major decline from China arrivals downturn
08/07/2017|11:20:24 PM|
Reduced visitor arrivals from China drove down profit of Lotte Department Store and Lotte Mart by 49% and sales volume by 4.3%; while demand for Lotte milk powder and candies also shrank drastically in ongoing THAAD fallout .
Ctrip records 20 million room nights in July with lower-tier city strategy
08/11/2017|10:13:33 AM|
Thanks to its successful strategy in lower-tier Chinese cities, Ctrip has achieved a record high of 20 million room nights of bookings in July.
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.
Airbnb sticks to C2C model in China localization
06/18/2017|2:34:14 PM|
Airbnb China’s vice president and public policy head Li An said that the firm will continue to focus on C2C model and emphasize quality rather than quantity in property listings.
Meituan gains traction in luxury hotel bookings
06/13/2017|5:12:29 PM|
Meituan revealed that the platform listing mainly luxury hotels has a listing of 15,000 hotels, or 92% of luxury hotels in China.
Korea banks on attracting Chinese tourists to bolster national consumption
12/21/2015|9:38:11 PM|
Facing a domestic consumption tax hike the Korean government is banking on attracting Chinese consumption to boost national consumption.
Tencent continues reign as China’s most valuable brand, Ctrip ranks 38th with $2,260m
03/21/2017|9:45:31 AM|
Tencent continued its reign as China’s most valuable brand, rising 29% to be the first 100-billion-dollar brand while Ctrip ranked 38th in the Chinese companies with a brand value of USD 2,260 million.
ANA sets up shopping portal in Chinese, using WeChat as payment means
03/09/2017|10:19:04 AM|
All Nippon Airways will launch Chinese-language shopping website ANA Cargo Direct Mail this month, and WeChat Pay has been appointed its exclusive third-party payment operator.
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