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China Southern sells 5.01% stake in TravelSky to China Mobile

After selling its 5.01% stake in TravelSky to China Mobile, Southern Holding will have its stake in TravelSky reduced to 9.18% and cease to be a substantial shareholder of the company.

12/17/2018|5:22:57 PM|ChinaTravelNews

Airbnb China reports triple growth rate in the second half of 2018

Airbnb projects that Chinese travelers will travel to 618 cities in 88 countries and regions during the Spring Festival of 2019.

12/17/2018|9:29:08 AM|ChinaTravelNews

China’s Top 20 Tourism Groups report GMV exceeding 1.5 trillion yuan again

China’s biggest tourism companies have been reporting annual turnover exceeding 10 billion yuan and GMV of trillions of yuan since 2016.

12/14/2018|9:59:54 AM|ChinaTravelNews

Indoor recreational zone operator Neobio Family Park pockets tens of millions of yuan

Adopting an “Entertainment Plus” strategy, Neobio adds entertainment zones adjacent to schools and supermarkets in middle- and high-end residential neighborhoods.

12/14/2018|9:13:50 AM|ChinaTravelNews

Ctrip extends its leisure travel platform to empower small players

Under the strategy, tour operators, segmented destination service suppliers and individual service providers will be the major target users.

12/13/2018|8:59:06 AM|ChinaTravelNews

Ctrip suspends 10 agents after being accused of selling unavailable rooms in Japan

A hotel in Japan recently found that Trip.com had listed hotel rooms as vacant even after they have been reserved.

12/10/2018|3:15:19 PM|ChinaTravelNews

Chinese OTA Tuniu leads 40 million yuan funding for outdoor event platform Tourye

Travel products booking fees, sports equipment and advertising services are the three major revenue streams for Tourye, and travel product booking revenues make up more than 90% of total.

12/10/2018|3:12:08 PM|ChinaTravelNews

Wanda unveils mid-end hotel brand, Shangri-La ties up with Klook, and more

Visa-free entry to the EU may add €12.5 billion more tourism spending from Chinese visitors every year. Budget airlines in China are actively growing ancillary revenues, while state-owned carriers only provide prepaid seat selection options for international flights.

12/10/2018|11:54:46 AM|ChinaTravelNews
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