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Greek resort built by Fosun is hoped to revive tourism for the island paradise

Fosun International is joining hands with a consortium from Abu Dhabi to invest US$7.9 billion in developing a resort on a site in a southwest suburb of Athens that measures three times the size of Monaco.

06/07/2017|7:44:43 PM|ChinaTravelNews

Wanda bares ambition in sports tourism after snapping up prominent marathon organizer

Wanda has snapped up Competitor Group Holdings, Inc (CGI), best known as the organizer of Rock n Roll Marathon series, and bares its ambition in expanding into sports tourism.

06/06/2017|5:51:03 PM|ChinaTravelNews

HNA slows M&A pace after US$50b buying spree in past 2 years

As the global market is increasingly complicated, the HNA Group will slow down in making acquisitions, having amassed overseas assets to make up 30% of its portfolio that contribute to half of the group’s revenue.

06/06/2017|8:49:20 PM|ChinaTravelNews

Lawsuit files against Priceline Group over Momondo deal

Priceline has been accused of “fraud in its absolute purest form” relating to its acquisition of Momondo.

06/02/2017|6:40:09 PM|Tnooz

China Lodging completes acquisition of Crystal Orange Hotel

China Lodging Group (Huazhu Hotels) announced that it has closed the acquisition of Crystal Orange Hotels for RMB 3.65 billion (USD 540 million).

05/31/2017|11:12:22 AM|ChinaTravelNews

Theme tour platform Goutrip raises 30 million yuan in Pre-A round

Theme tour service platform Goutrip announced that it has raised RMB 30 million in its series Pre-A round. The firm offers trips on diving, photography, surfing, self-driving and family tours.

05/27/2017|11:56:12 AM|ChinaTravelNews

Tuniu cuts net loss to 41.7 million dollars in Q1 2017

Tuniu trimmed its net loss to RMB 287.4 million (USD 41.7 million) in Q1 2017 from RMB 538.5 million in Q1 2016 by "improving operational efficiency and realizing economies of scale."

05/26/2017|9:40:33 PM|ChinaTravelNews

China Lodging's net revenues grow 10.8% in Q1 2017

China Lodging Group posted net revenues of USD 231.4 million in the first quarter of 2017, up by 10.8% YoY. Net income attributable to company rose from RMB 69.4 million in Q1 2016 to RMB 148.1 million (USD 21.5 million).

05/11/2017|7:36:20 AM|ChinaTravelNews
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