Search results for “travel and tourism”
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.
Ctrip gains from virtuous cycle in a category that continues to grow
09/02/2016|11:47:07 PM|
Ctrip asserts the one-stop travel shopping model is suave, and the scale that can be achieved will be significant going forward.
UTour acquires a Japanese ground handler
09/02/2016|9:38:51 AM|
Outbound-tour operator UTour announced its strategic acquisition of a Japanese ground handler to explore the independent travel to Japan.
China inbound visits grow 4.5% in first half of 2016
06/12/2016|10:30:15 AM|
China’s inbound and outbound visitor volume grew 9.8% YoY to 127 million in the first half of 2016, and inbound tourist arrivals were 65.1 million, up by 4.5% YoY.
China’s tourism revenues grow 12.4% in first half of 2016
08/04/2016|8:50:57 AM|
Domestic travel in China grew 10.47% to 2.236 billion trips in the first half of 2016, and tourism revenues rose 12.4% to RMB 2.25 trillion.
Octopus receives RMB 170 million in B round backed by Tempus Global
08/25/2016|10:46:42 AM|
A Tempus Global-led group planned to inject RMB 170 million into Octopus. Tempus Global will acquire a 4.17% stake in Octopus for RMB 50 million.
UTour’s outbound wholesale revenue climb 59% in first half of 2016
08/22/2016|9:56:02 AM|
UTour’s operating revenue grew 41.99% to RMB 4.453 billion in first six months. Revenue from its outbound wholesale business was RMB 3.43 billion, up by 59.03% YoY.
Travel agencies organize 17.32% more outbound trips in Q2 2016
09/08/2016|10:02:25 AM|
Travel agencies in China organized 13.72 million outbound visits in the second quarter of 2016, up by 17.32% YoY.
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