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Tencent-invested travel company reports 18.8% drop in Q4 revenue; visa applications by Chinese group tourists surge | Daily Brief

03/21/2023|6:56:11 PM|

Hong Kong’s MTR Corporation adds 5 new mainland destinations; probe into China Eastern Airlines flight crash continuing.

Tencent-invested travel company reports 18.8% drop in Q4 revenue

03/21/2023|5:38:00 PM|

GMV decreased by 20.4% year-to-year.

Leisure travel firm Tuniu reports 62.8% decline in Q4 revenue

03/17/2023|7:39:13 PM|

The company expects net revenues to increase by 45%-55% in Q1 2023.

More wealthy Chinese travel abroad, redirecting domestic tourism spending

10/14/2024|7:11:14 PM|

The outflow of spending power has directly impacted Hainan’s offshore duty-free market.

Trip.com Group claims $4.3 billion annual value from membership program

10/11/2024|10:11:38 PM|

User spending rose 10% annually before the pandemic.

Prosus liquidates entire stake in Trip.com for $1.6 billion

09/30/2024|4:26:55 PM|

The Chinese OTA’s stock price has reached its record high.

Lufthansa plans to suspend Beijing flights as German investments in China reach record high

09/23/2024|8:48:08 PM|

Travel demand is being stifled by visa restrictions.

Trip.com raises alarm for global competitors

09/13/2024|7:06:58 PM|

The Chinese OTA reported its second-highest quarterly profit in history.

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