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Tencent/Ctrip-invested Tongcheng-eLong reaps $121 million in profit in H1 2018

The turnover of ticketing operations and accommodation bookings were $6.79 billion and $1.54 billion, respectively.

11/10/2018|12:23:05 PM|ChinaTravelNews

HNA revamps businesses related to air services, tourism, hospitality and HiApp

HNA Aviation will be restructured to focus on its core aviation businesses instead of integrated services covering aviation and travel.

11/07/2018|10:52:38 AM|ChinaTravelNews

Intelligent travel solution provider Kuaiying raises a million dollars in Pre-A round

Kuaiying Technology provides mobile payment solutions for tourist attractions to enhance their management and operational efficiency.

11/06/2018|10:48:16 AM|ChinaTravelNews

Meituan realigns hotel & travel units, Alibaba and JD.com embark on hotels, and more

Meituan Dianping has restructured its organizations and repositioned its hotel & travel businesses, Alibaba and JD.com made moves into the hotel sector and Didi will likely follow suit.

11/05/2018|10:49:13 AM|ChinaTravelNews

Tujia targets 15 billion yuan in GMV by 2019

The short term rental category in China is “burning” a lot of money at this stage. But, as Tujia’s CFO Warren Wang points out, things are expected to change considerably for the company over a period of next two years.

11/05/2018|10:50:28 AM|ChinaTravelNews

Alibaba opens first unmanned hotel and eyes other hospitality business

FlyZoo Hotel is an incubation project of Alibaba, and the company is likely to extend to other hospitality verticals with this hotel experience.

10/31/2018|6:48:43 PM|ChinaTravelNews

Ctrip upgrades hotel booking cancellation policy across 100,000 hotels

Ctrip will add other measures to optimize booking cancellation down the road.

10/31/2018|5:30:46 PM|ChinaTravelNews

Major Chinese airlines report drop in profits due to currency depreciation and rising costs

China Eastern Airlines reported a 38% drop in net profit for in the third quarter. Hainan Airlines saw a 90% year-on-year tumble in operating profit to $33.5 million.

10/31/2018|3:43:52 PM|ChinaTravelNews
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