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6 million Chinese tourists spend RMB 90 billion overseas for New Year Holiday
02/16/2016|8:43:43 AM|
A record 6 million Chinese travelers traveled overseas during the Spring Festival holidays, spending RMB 90 billion in their travel, as China remains the world’s largest source market for outbound travel spending for three years.
CNTA: holiday travel in China still growing
02/15/2016|11:21:36 AM|
Travel continued to grow during this year’s Spring Festival holidays, as the market offered a diversified range of travel products such as tours of heritage towns, hot-spring wellness holidays, and fun on ice and snow. As well, outbound tourism has become a mainstay.
TripAdvisor Reports Fourth Quarter and Full Year 2015 Financial Results
02/12/2016|8:34:23 AM|
TripAdvisor, Inc. reported financial results for the fourth quarter and full year ended December 31, 2015.
Travelzoo reports fourth quarter 2015 results
02/12/2016|6:39:26 AM|
In the fourth quarter of 2015, the number of Travelzoo members worldwide continued to increase to 28.4 million.
EQT to create new European tourism group with Kuoni takeover
02/12/2016|12:54:05 AM|
Swedish private equity firm EQT aims to create a new European tourism group with the agreed takeover of Kuoni and possible purchase of TUI's Hotelbeds unit.
TravelDaily China will present on ITB Berlin
02/11/2016|6:23:48 PM|
As the strategic partner of ITB, TravelDaily will also be exhibiting at the trade show, and organize various events focusing on China’s outbound travel and the change of consumer behavior.
Expedia reports Q4 and FY2015 results
02/11/2016|5:57:39 PM|
On February 10 Expedia announced financial results for the fourth quarter and full year 2015 with its gross bookings increased 40% and revenue increased 29% year-over-year in the fourth quarter of 2015.
Sabre reports fourth quarter and full year 2015 results
02/09/2016|11:23:46 AM|
Sabre's Q4 2015 Travel Network revenue increased 22.3% to $531.2 million and its Adjusted EBITDA increased 20.9% to $208.0 million. Total bookings increased 33.0% driven by the acquisition of Abacus and continued strong growth in North America and EMEA.
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