Investment in China’s tourism industry has breached the trillion yuan mark this year and is expected to exceed three trillion yuan in the next three years.
China’s OTA market recorded RMB87.5 billion in transactions during the first quarter of 2015 an increase q-o-q of 11.7% and 29.2% y-o-y.
Chinese hotels are under pressure, with wobbling RevPAR adversely impacting the overall profitability in Q1.
China Southern Airlines joined the three other major Chinese carriers in charging a premium for seat selection of designated economy class seats.
Despite facing its toughest quarter since Homeinns was established in 2002, the group is hopeful of building on its positive metrics from Q1
The Chinese online travel company believes its first quarter results are giving ample indication that its perseverance is about to pay off
Hangzhou-based Zhuyou Hotel Group’s COO Yangqing Shi said its Pod Hotel has completed a Series C financing round.
China’s OTAs are scrambling to invest in Wi-Fi rental services which has shot up in popularity overnight.
