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China plans to relax private investment limit on state-own airlines

Chinese aviation authority CAAC issued a consultation paper proposing state carriers Air China, China Eastern and China Southern be allowed to have a relative control other than absolute control in the state ownership structure.

07/06/2017|10:25:16 AM|ChinaTravelNews

CITS wins duty-free concession at Beijing Capital Airport

CITS subsidiary China Duty Free Group has won duty free concession at Beijing Capital Airport for the next eight years. The company is to acquire a 51% stake in Sunrise Duty Free.

07/05/2017|7:17:46 PM|ChinaTravelNews

Tongcheng Tourism plans to invest in Hongtu Airlines

Tongcheng Tourism is said to eye a strategic investment in Hongtu Airlines, as China’s OTAs seek to extend on supply and demand sides to gain customers and build their own core advantages by providing a full range of services.

07/05/2017|9:44:26 AM|ChinaTravelNews

China Eastern Airlines launches OD revenue management system

China Eastern has adopted origin-destination (OD) revenue management system that is able to analyze and predict best solutions for distributing its available seats dynamically and maximizing its revenue on the entire air route network.

07/05/2017|9:18:30 AM|ChinaTravelNews

Marriott CEO: China is the best opportunity for growth

Arne Sorenson, President & CEO of Marriott International, defined China as their largest market. Mr. Sorenson said that Marriott will need more brands to expand in the market.

07/05/2017|2:58:05 PM|ChinaTravelNews

Chinese OTAs open up to new ways of distribution connectivity and integration

Emirates' decision to make their offerings available for booking on Alitrip (Fliggy) via an NDC API indicates the readiness of intermediaries in China to embrace new developments.

07/04/2017|9:50:52 AM|ChinaTravelNews

New investor of Yidao Yongche displaces LeEco as majority shareholder

Chinese ride-hailing firm Yidao Yongche announced that it has brought in a new investor which will replace LeEco as controlling stakeholder of Yidao.

06/30/2017|11:40:05 AM|ChinaTravelNews

Ctrip projects 20 billion yuan in group tour revenue this year

Ctrip projected that its group tour business will gross RMB 20 billion this year. Its chairman James Liang said that the company’s sales income from hotels, air tickets, and travel groups will quickly become the highest in the world.

06/30/2017|10:51:10 AM|ChinaTravelNews
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