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China’s star-rated hotels net RMB 471 million profit in 2016

The star-rated hotels in China netted operating incomes of RMB 202. 726 billion and total profits of RMB 471 million last year. Room and catering accounted for 44.79% and 41.30% of the total revenues.

10/23/2017|10:46:33 AM|ChinaTravelNews

Outbound and inbound travels surge with China’s OBOR Initiative

The One Belt One Road initiative attracted over 7 million visitors to China last year and 10 million Chinese travelers visited OBOR countries, up 71%, according to a Ctrip report.

10/20/2017|6:13:32 PM|Ctrip

Jinjiang dumps its majority stake in Joyu for RMB 970 million

Jinjiang International has transferred its 16.1892% stake in Joyu Group for RMB 969.8 million, after which it will no longer be a shareholder of Joyu.

10/20/2017|4:28:53 PM|ChinaTravelNews

UTour acquires 13 stores to expand its retail travel in Suzhou

UTour taps Xingzhou International Travel’s competitiveness in Suzhou to make up for its own lackluster performance in its Suzhou retailing business through the collaboration.

10/20/2017|9:38:12 AM|ChinaTravelNews

Online or offline, completing a transaction is getting easier than ever

One extra click or filling an extra blank for personal details can result in cart abandonment. Airlines eyeing Chinese customers need to keep up with the payments arena for better shopping experience.

10/19/2017|3:06:29 PM|ChinaTravelNews

Meituan-Dianping gets $4 billion funding, backed by Tencent, Priceline

China’s local service platform Meituan-Dianping has received USD 4 billion investment, backed by Tencent and The Priceline Group. It is valued at USD 30 billion after the financing.

10/19/2017|1:45:41 PM|ChinaTravelNews

"Direct sales" going up for Chinese carriers, but is it enough?

Top carriers in China today have 40-45% sales coming in via "direct" channels. But this figure also includes selling inventory via OTAs. So this doesn't translate into owning the passenger for airlines.

10/18/2017|9:02:02 PM|ChinaTravelNews

HNA to pump ￥50 billion to promote digital transformation with HiApp

HNA plans to pump ￥50 billion into tourism digital transformation by supplying public service products for innovators and services to innovative enterprises that offer unique services and technology.

10/18/2017|5:40:17 PM|ChinaTravelNews
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