Ctrip announces that it will develop its presence overseas to provide a more comprehensive set of travel experiences to Chinese tourists by cooperating with Thailand's largest hotel group--Centara Hotels & Resorts.
Hotelbeds sees in China a general shift away from group bookings towards individual trips. Even payment solutions need to be localized.
China Lodging Group (Huazhu Hotels) announced that it has closed the acquisition of Crystal Orange Hotels for RMB 3.65 billion (USD 540 million).
Theme tour service platform Goutrip announced that it has raised RMB 30 million in its series Pre-A round. The firm offers trips on diving, photography, surfing, self-driving and family tours.
Tuniu trimmed its net loss to RMB 287.4 million (USD 41.7 million) in Q1 2017 from RMB 538.5 million in Q1 2016 by "improving operational efficiency and realizing economies of scale."
Meituan-Dianping, China’s largest group-deal platform, launched of Meituan Travel, a new travel unit offering accommodation, domestic travel, outbound travel, and transportation.
Mainland Chinese tourists made 7.5% fewer trips to Thailand in January to April this year. But they still ranked as the country’s largest source of overseas tourists and tourism revenue.
China’s airlines carried 436.34 million passengers on domestic routes in 2016, up by 10.7% YoY. Passengers on international routes rose 22.7% to 51.62 million last year.
