Experts say the traditional reliance on blue skies and beaches may work well in the West, but won’t cut it with the Gen Y and Gen Z Chinese consumer.
Among 39.4 million tourists arrived in Macau, 28 million people came from mainland China.
Qunar's APP has 28.88 million active users, second only to Ctrip, according to an Analysys guide on China's online travel booking market 2019.
Kyoto tops travel wish list for Chinese travelers in the 2020s. This is followed by Shanghai and then Bangkok.
The joint venture taking the public space of hotels as a carrier will create a first-class market space brand and expand to other hotel value-added extension business from new retail.
This round of financing will be used for product research and development, high-level talent acquisition and industry ecosystem construction.
HNA Group racked up debts of USD108 billion buying global assets across 44 market segments in 12 sectors in 2016 and 2017.
Ctrip has about $700 million worth of convertible bonds due in July. Its shares are trading at about $33.50, 38% below the agreed convertible price of $54, according to data compiled by Bloomberg.
ChinaTravelNews is a wholly owned subsidiary of
©2019 TravelDaily Inc.