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Tongcheng Tourism sets up own airlines for one billion yuan

Online travel agency Tongcheng Tourism announced that it has invested RMB 1 billion to set up an airline company.

05/02/2017|9:19:38 AM|ChinaTravelNews

Joint Wisdom widens operating revenue and trims net loss

Hotel data specialist Joint Wisdom boosted its operating revenue by 48.81% to RMB 86.72 million in 2016. Net loss attributable to its shareholders was trimmed by 1.58% at RMB 66.12 million.

04/28/2017|12:00:01 PM|ChinaTravelNews

Tempus Global’s net profit increased 22.52% in 2016

Travel and finance group Tempus Global’s operating revenue grew 37.93% to RMB 1.28 billion in 2016. Net profit rose 22.52% YoY to RMB 178 million in the time.

04/28/2017|1:42:34 PM|ChinaTravelNews

Tour operator groups post revenue upsurge buoyed by outbound growth

Chinese tour operator giant Utour Group recorded operating revenue of RMB 10.1 billion in 2016, up 20.71% YoY, while peer HNA-Caissa’s operating revenue of the year grew 34.48% to RMB 6.64 billion.

04/28/2017|1:54:02 PM|ChinaTravelNews

Expedia gross bookings grow 14% in Q1 2017

Expedia reported gross bookings of USD 2.9 billion in the first quarter of 2017. Revenue increased 15% YoY to USD 2.2 billion, of which Trivago took up USD 286 million, a 62% rise from a year ago.

04/28/2017|7:09:34 AM|ChinaTravelNews

Travelzoo's revenue drops 5% in Q1 2017

Travelzoo reported revenue of USD 28.4 million and operating profit of USD 2.1 million in 2016. In constant currencies, revenue decreased by 5% year-over-year.

04/27/2017|12:21:42 AM|ChinaTravelNews

HNA Holding cuts loss by 89.8% amid buying spree

HNA Holding reduced annual loss by 89.8% last year while actively exploring overseas investment opportunities.

04/26/2017|10:05:37 AM|ChinaTravelNews

CYTS Tours’ net profit rises 63.83% in 2016

Chinese tour operator group CYTS Tours recorded RMB 10.33 billion operating revenue in 2016, a 2.36% drop from a year before. Net profit grew 63.83% YoY to RMB 484 million in the year.

04/25/2017|1:32:41 PM|ChinaTravelNews
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