Search results for “travel sales”
CAR Inc signs purchase deal with VW to enlarge fleet
05/13/2015|10:30:25 AM|
CAR Inc has signed an agreement to purchase 100,000 cars for at least RMB10 billion from Shanghai Volkswagen over the next three years.
Tempus Global to raise US$257 million in private offering to boost travel ecosystem
06/04/2015|9:50:49 AM|
Tempus Global will make a private offering of up to 70 million shares to raise up to RMB1.598 billion from five specified buyers.
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.
Shijie99 partners with investor Utour and makes JV with CTM Group subsidiary
05/08/2015|10:34:40 PM|
Shijie99 has recieved an investment from Utour, distribution rights for CTM Group’s products in China, and will set up JV with CTM's Westminster Travel.
New trends in Chinese luxury shopping and overseas spending
05/26/2015|10:34:00 AM|
While visitors expenditure in Europe in April was up 40.4% y-o-y, it paled in comparison to the 93% increase in other regions.
China Southern cuts all air ticket commissions
05/07/2015|11:00:34 AM|
China Southern Airlines has announced it will stop its 1% agent commissions triggering speculation that the “zero commissions” era for air ticketing is imminent.
China’s OTAs net US$14 billion in transactions in Q1 2015
05/18/2015|10:47:22 PM|
China’s OTA market recorded RMB87.5 billion in transactions during the first quarter of 2015 an increase q-o-q of 11.7% and 29.2% y-o-y.
Chinese hotel groups get ready for new battles
05/15/2015|10:51:45 PM|
Chinese hotels are under pressure, with wobbling RevPAR adversely impacting the overall profitability in Q1.
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