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Tujia’s single-day booking exceeds 56,000 room nights after Mayi acquisition

Tujia’s single-day orders exceeded 56,000 room nights for the first time, China’s house-sharing market is expected to embrace a new round of explosive growth.

08/15/2016|7:41:45 PM|ChinaTravelNews

CYTS net income soars 92.17% in first half of 2016

CYTS recorded a slight increase in main revenue to RMB 4.976 billion in the first half of 2016. Net income rose 92.17% YoY to RMB 318 million.

08/15/2016|9:31:34 AM|ChinaTravelNews

Travelport unfazed by limited penetration in China, hopeful of bright future

Travelport is confident of delivering sustainable growth in the coming years, but it is still waiting for the regulatory environment to open up in China.

08/12/2016|4:48:35 PM|ChinaTravelNews

Hotel alliance joint venture opens in Hangzhou, targeting independent hotels

Zhejiang Future Hospitality Network Technology Limited, co-founded by Alitrip, BTG Hotels and Shiji Information in late March, was inaugurated on August 10 in Hangzhou, China.

08/12/2016|9:58:01 AM|ChinaTravelNews

Cheer U Islands secures RMB 7.5 million in Pre-A round

Cheer U Islands received RMB 7.5 million in series Pre-A round. Investors of the round will get a 15% stake in Cheer U Islands.

08/10/2016|7:08:41 PM|ChinaTravelNews

Crowd funding platform Duocaitou.com completes an eight-digit Pre-A round

Duocaitou.com, a crowd funding platform for boutique hotels and home rental, has completed its Pre-A round financing that raised an eight-digit sum from three venture capital firms – Share Capital, Innovation Angel Funds and Shunwei Capital Partners.

08/10/2016|9:29:42 AM|ChinaTravelNews

US receives 2.6 million Chinese visitors in 2015

Chinese travelers made 2.6 million trips to the United States in 2015, around 18% more than 2014, according to data released by the U.S. Department of Commerce.

08/09/2016|10:12:41 AM|ChinaTravelNews

Shanghai Disney Resort performs as expected

In its first month of operation in June, Shanghai Disney Resort received 27,000 daily visitors and rang in RMB 15 million daily revenue.

08/09/2016|10:04:18 AM|ChinaTravelNews
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