Some 129 million outbound trips were recorded in 2017, 45.8 million more than 2012. The number of inbound tourists rose 7% from five years ago to reach 139 million last year.
The liberalization measures have been extended to more domestic routes, especially those facing direct competition from high-speed rail.
LCC growth in mainland China faces great potential, but also significant infrastructure challenges and lack of government support.
The article looks at how Harford got picked as Uber COO and the relationships and career meanderings that connected Dara, who took the reins at Uber in late August, and Harford over the years.
New players such as Airbnb, Uber, Lyft are actively investing in developing business travel programs with sophisticated tracking and data connectivity tools.
The boundaries get blurred as hotels build up loyalty to compete with distuibution, and OTAs invest in guest experience technology and morph into platform providers for the long tail of hotels.
As vacation rentals grow in popularity, further consolidation is likely.
Value growth for 2017 is expected to be strong at 4.1% in 2017, decelerating to 3.1% in 2018, and a minor economic deceleration is expected in China.
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