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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

Outbound agency Phoenix Travel invests in Australian tour operator

Chinese outbound travel agency Phoenix Travel announced that it has made a strategic investment in Grandcity Travel, an Australia-registered firm with local bus fleets and Chinese-speaking tour guides.

04/11/2017|1:33:25 PM|ChinaTravelNews

Plateno’s experiences from its international expansion

Chinese hotel chain Plateno may gradually demonstrate its own strengths in the future development as an international brand and differentiate itself from other brands under the umbrella of Jin Jiang International Hotels Group.

04/07/2017|6:57:16 PM|ChinaTravelNews

Meituan-Dianping to host speed-dating event at ITB China

China’s largest lifestyle service provider Meituan-Dianping will host a speed-dating event at ITB China 2017 to seek potential partnerships with global destinations, travel service and tech providers.

04/07/2017|2:58:12 PM|ChinaTravelNews

Jin Jiang subsidiaries transfer 100% Hubs1 equity to WeHotel

Jin Jiang Hotels announced on April 5 that the company and Jin Jiang Capital plan to transfer 100% equity interests in Hubs1 to WeHotel for a total consideration of RMB 553.08 million.

04/06/2017|11:54:39 AM|ChinaTravelNews

C2B hotel booking site WoXingWoSu closes 10 million yuan Pre-A round

C2B hotel booking service WoXingWoSu announced that it has raised RMB 10 million in its Pre-A round following its 5 million yuan angel round earlier this year.

04/05/2017|10:17:32 AM|ChinaTravelNews

Spring Airlines posts 28.42% slump in 2016 net profit

China’s biggest low-cost carrier reported a 28.42% fall in net profit for 2016. The airline also announced that its chairman Mr. Zhenghua Wang has stepped down and been replaced by his son and former president of the company, Mr. Yu Wang.

04/05/2017|9:53:57 AM|ChinaTravelNews

Jin Jiang Hotels' net profit drops 12.4% in 2016

Jin Jiang International Hotels Group reported sales revenue of RMB 17 billion, up by 39.5% YoY. Operating profit amounted to RMB 2.1 billion, 8.0% more than previous year.

03/31/2017|6:45:07 PM|ChinaTravelNews
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