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ChinaTravelNews Briefing: Booking’s reinvention, Mafengwo’s funding and more

We join the dots of the events that took place in the past two weeks to offer insights into the Chinese tourists, travel startup funding rounds, major OTAs and internet giants’ technology solutions in China.

12/25/2017|3:07:29 PM|ChinaTravelNews

Ctrip adds uncertainty to the car-hailing market with car service debut

Ctrip has added ride-hailing to its transportation offers with Didi, opening up another competition front in the car rental market as its rivalry against Meituan in hotel and catering services is heating up.

12/25/2017|12:51:24 PM|ChinaTravelNews

China’s domestic & inbound tourism to gross over $795 billion in 2017

Statistics show that domestic and inbound tourism in China will generate traffic exceeding 5.1 billion in 2017 and total revenue of over $795 billion, contributing more than 10% to GDP and employment.

12/25/2017|9:11:04 AM|ChinaTravelNews

Baidu Wi-Fi translator live on Ctrip in US, Japan, Canada and Hong Kong

This translator is currently the first to work both as a Wi-Fi hot spot device and a translator, resolving two major headaches for travelers at the same time.

12/25/2017|8:57:49 AM|ChinaTravelNews

AI provider Babel Technology raises $4.5 million, valued at $45 million

Babel Technology, a high-tech company that aims at providing interpretation across languages with artificial intelligence, has raised RMB 30 million (around $4.5 million).

12/22/2017|2:06:27 PM|ChinaTravelNews

Ctrip named the top travel company in China for four years in a row

China’s top 20 tourism groups have recorded total transactions of RMB 1.53 trillion this year, 400 billion yuan more than last year, according to a ranking list jointly released by China Tourism Academy and China Tourism Association.

12/22/2017|9:06:25 AM|ChinaTravelNews

Accor CEO: Chinese tourists look beyond APAC, changing global hospitality

"Accor probably is making more profit as an investor in China Lodging than we could have made by remaining independent for the next 50 years", said Sebastien Bazin, Chairman and CEO of AccorHotels.

12/21/2017|3:10:33 PM|ChinaTravelNews

Ctrip-backed CME to buy 35% stake in Mind Letu for RMB 16.7 million

Mind Letu will be transformed after the acquisition to create synergy in the demand-supply chain of research and study trips and customer acquisition channels so as to enhance its competitiveness.

12/20/2017|9:25:44 AM|ChinaTravelNews
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