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Caissa reports H1 operating revenue of RMB 3.405 billion, up 30.84%
08/25/2017|9:34:23 AM|
Caissa reported 30.84% growth in operating revenue to ¥3.405 billion while catering services revenue grew 26.19% to ¥476 million, and its tourism business revenue was ¥2.92 billion, up 31.74%.
Rentalcars riding on momentum of China’s outbound travel
08/24/2017|4:34:35 PM|
Eyeing China's growing outbound tourism, Priceline's ground transport unit Rentalcars has set up its service in the country to work with local OTAs and plan partnerships with the Chinese airlines.
Utour reaps 3.875 billion yuan from outbound wholesale in H1 2017
08/23/2017|7:08:47 PM|
In the first half of 2017, Utour chalked up total operating revenues of RMB 5.05 billion, up by 13.40%, and incomes of outbound wholesaling business grew by 13.11% to RMB 3.875 billion.
China records 2.17 trillion yuan domestic tourism expenditure in H1 2017
08/23/2017|2:47:46 PM|
Official data showed that the number of Chinese outbound tourists rose by 5.1% to 62.03 million while inbound tourists in China grew by 2.4% to 69.5 million in H1 2017.
Southeast Asia benefits from Chinese visitor fallout in Japan and South Korea
08/21/2017|8:52:46 AM|
Southeast Asian countries were the major beneficiary of Chinese tourism fallout in South Korean in the first half of 2017, as the destinations share similar pricing ranges, travel duration and customer base.
China’s domestic tourism growing faster than outbound traffic in H1 2017
08/20/2017|11:05:16 AM|
Outbound travel from China showed slower growth in the first half of 2017, while an increasing number of travelers are turning to domestic travel and pursuing quality and immersive experience.
Overseas independent travel provider RRUU raises RMB 35 million
08/18/2017|3:19:00 PM|
RRUU has recently received RMB 35 million in its A+ round financing and is to complete the B-round financing later this year.
China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition
08/17/2017|8:00:45 PM|
China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.
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