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Chinese tour groups to Hong Kong plunge 86% for Golden Week

Chinese tour groups to Hong Kong plunge 86% for Golden Week

Chinese group tours for the holiday are set to plunge 86% compared to last year, and flight prices from Shanghai to Hong Kong are 38% cheaper, and only 30% of hotel rooms are booked for the time.

09/27/2019|3:45:50 PM|Bloomberg
Baidu to sell $1 billion Ctrip stake to counter market competition

Baidu to sell $1 billion Ctrip stake to counter market competition

Baidu will remain Ctrip’s largest shareholder. It owned a 19% stake in the company after exchanging its shares in Ctrip rival Qunar in 2015.

09/26/2019|4:00:55 PM|Bloomberg
China ranks as second-most liquid hotel investment market

China ranks as second-most liquid hotel investment market

Global hotel investments hit US$4.5 billion in the first six months of 2019, with more than half of the capital originating from domestic buyers in Japan, China and Australia, says real estate consultancy JLL.

09/26/2019|2:07:20 PM|JLL Hotels & Hospitality Group
The emptiest Disneyland on Earth

The emptiest Disneyland on Earth

Tourist arrivals to Hong Kong dipped slightly in July with a 5% decrease but they absolutely plummeted in August by 40%.

09/25/2019|3:55:52 PM|CNN
Visa-free Chinese tourism makes its mark in South East Europe

Visa-free Chinese tourism makes its mark in South East Europe

Chinese travelers to Serbia by air increased 22% and to Bosnia and Herzegovina rose almost 50% in January to May 2019 due to the visa-free policy.

09/25/2019|3:21:27 PM|OAG
China declares formal opening of $63-billion new Beijing airport

China declares formal opening of $63-billion new Beijing airport

China Southern Airlines and China Eastern Airlines are the main airlines at Daxing, while about 50 foreign airlines, including British Airways and Finnair, plan to move all or part of their operations in the next few quarters.

09/25/2019|2:03:48 PM|Reuters
China Eastern, Huawei launch 5G smart travel system at new airport

China Eastern, Huawei launch 5G smart travel system at new airport

China Eastern Airlines, China Unicom Beijing, and Huawei joined to launch a 5G smart travel service system at the new Beijing Daxing International Airport.

09/24/2019|11:20:16 PM|Mobileworldlive
TRAVEL EASY secures $20 million for retail transformation in Europe

TRAVEL EASY secures $20 million for retail transformation in Europe

TRAVEL EASY reported it earned 50 million euros in revenue and a gross profit of 100 million yuan in 2018.

09/24/2019|4:25:28 PM|ChinaTravelNews
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