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CYTS Tours’ net profit rises 63.83% in 2016

Chinese tour operator group CYTS Tours recorded RMB 10.33 billion operating revenue in 2016, a 2.36% drop from a year before. Net profit grew 63.83% YoY to RMB 484 million in the year.

04/25/2017|1:32:41 PM|ChinaTravelNews

Chinese visitors to Japan spend 15% less per capita in Q1

Mainland Chinese tourists to Japan spent 14.9% less per capita in the first quarter of 2017.

04/25/2017|11:58:27 AM|ChinaTravelNews

China's star-rated hotels post 54.4 billion yuan revenue in Q4 2016

Star-rated hotels in China registered an aggregate of RMB 54.43 billion operating revenues in the fourth quarter of 2016. Guestroom revenue was RMB 24.49 billion and average occupancy was 56.6% in the quarter.

04/20/2017|1:48:11 PM|ChinaTravelNews

Countdown to the first ITB China Conference

Managers from major Chinese travel companies will provide insights into the expanding China market. The ITB China Conference has three areas of focus: destinations, online travel and business travel.

04/20/2017|10:07:56 AM|ChinaTravelNews

Travel brand marketing report on WeChat

Approximately 73% of Chinese outbound travelers regard social media as the key channel to researching and gathering information about traveling.

04/20/2017|12:53:12 PM|Dragon Trail

SEC report: HNA Group owns 26.5% stake in Tuniu

A recent SEC filing shows that HNA holds a 26.5% stake in Tuniu and JD.com controls a 20.6% stake in the company, as of March 31, 2017.

04/18/2017|6:39:51 PM|ChinaTravelNews

Tujia launches vacation exchange platform VaShare

Tujia has rolled out innovative vacation lodging sharing platform VaShare. The platform is a joint venture of Tujia and its major stakeholder Ctrip.

04/18/2017|11:18:47 AM|ChinaTravelNews

GreenTree Inns teams up with foreign PE and invests in Yibon Hotels

Chinese budget hotel operator GreenTree Inns has partnered with an overseas private equity firm to jointly invest RMB 150 million in domestic peer Yibon Hotels.

04/18/2017|10:17:07 AM|ChinaTravelNews
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