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Tailored travel SaaS platform Lushu closes A round

Travel customization SaaS platform Lushu told ChinaTravelNews on April 17 that the company has closed its A round funding backed by Keywise Capital, an investor of Chinese photo App maker Meitu.

04/17/2017|6:35:56 PM|ChinaTravelNews

What has Ctrip acquired in three years?

Ctrip said that it may continue to acquire complementary businesses and assets in the future if presented with appropriate opportunities. It has just revealed details about its acquisitions in recent years.

04/15/2017|5:03:54 PM|ChinaTravelNews

Hilton appoints former Wanda Hotel president Qian Jin as president of Greater China

Hilton announced the appointment of former Wanda Hotel president Qian Jin as president of Greater China.

04/13/2017|8:07:36 PM|ChinaTravelNews

Meituan-Dianping launches home-sharing platform Zhenguo.com

Meituan-Dianping has officially launched the App of its home-sharing platform Zhenguo.com.

04/13/2017|3:49:46 PM|ChinaTravelNews

Travel conglomerate OCT to divest interests in two firms for 2.3 billion yuan

Theme park and tourism firm OCT Co. plans to divest its stakes of 100% in Taizhou OCT and 60% in OCT Vision. The two deals will be worth RMB 2.3 billion.

04/13/2017|10:15:10 AM|ChinaTravelNews

Outbound travel from China to Europe expected to rise 10% in 2017

Europe received 5.13 million visitor arrivals from China in 2016, up by 6.3% YoY. The arrivals number is expected to grow 10% to 5.5 million this year.

04/12/2017|1:55:15 PM|ChinaTravelNews

BTG Hotels boosts operating revenue by 389.40% in 2016

BTG Hotels saw net profit in 2016 surge 110.66% YoY to RMB 210 million. Most of the company’s hotels are in the budget range, and only 9.32% hotels in upper midscale category.

04/11/2017|10:27:20 AM|ChinaTravelNews

Theme park and travel group OCT posts 35.48 billion yuan revenue in 2016

Theme park and tourism group OCT reported annual operating revenue of RMB 35.48 billion in 2016, 10.07% more than previous year. Net income attributable to shareholders rose 48.44% YoY to RMB 6.89 billion.

04/12/2017|2:58:38 PM|ChinaTravelNews
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