Search results for “travel loss”
ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017|2:15:13 PM|
In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
Tuniu packaged-tour revenue rises 53% in Q3 2017
11/27/2017|6:45:29 PM|
Net revenues increased 53.5% to RMB 806.1 million (USD 121.2 million). Revenues from packaged tours climbed 53% to RMB 604 million (USD 90.8 million) in the third quarter.
Jinjiang dumps its majority stake in Joyu for RMB 970 million
10/20/2017|4:28:53 PM|
Jinjiang International has transferred its 16.1892% stake in Joyu Group for RMB 969.8 million, after which it will no longer be a shareholder of Joyu.
Ctrip's transport ticket revenue climbs 49% in Q2, aided by Skyscanner
08/31/2017|5:20:39 PM|
Net revenue rose 45% to RMB 6.4 billion in the quarter. Accommodation revenue was RMB 2.3 billion (USD 341 million), up by 30%. Transportation revenue climbed 49% to RMB 3.0 billion (USD 441 million).
Tuniu trims net loss to $39.9 million in Q2 2017
08/17/2017|9:47:28 AM|
Tuniu's revenues from packaged tours rose 57.7% to USD 50.1 million in the second quarter. Net loss was further narrowed to USD 39.9 million, compared to net loss of RMB 756.9 million in Q2 2016.
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.
eHi boosts car share service while UCAR beefs up car dealing platform as authorities give go ahead to car share concept
06/07/2017|7:36:52 PM|
eHi Car Sevices reported 33% increase in first quarter income, boosted by car rental and car services, while UCAR aims to raise $2 billion for its e platform for car dealing.
Ctrip net revenues climb 46% in Q1 2017
05/11/2017|8:06:51 AM|
Ctrip's transportation ticketing revenues in first quarter of 2017 rose 48% to USD 418 million after consolidating Skyscanner results for first time. The same revenues in Q1 2016 grew 106% YoY.
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