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OCT to invest in Phoenix Valley eco-tourism project

OCT to invest in Phoenix Valley eco-tourism project

OCT will invest USD 2.11bn to the whole project.

06/05/2020|1:39:15 PM|InterPark
Trip.com Group founds a startup-investment firm with $14 million

Trip.com Group founds a startup-investment firm with $14 million

Mr. Jay Shen, vice president of the Trip.com Group, serves as legal representative of the new company.

06/04/2020|8:45:04 PM|ChinaTravelNews
Palminvest buys Portuguese hotel chain for $335 million

Palminvest buys Portuguese hotel chain for $335 million

The acquisition is a risk worth taking although it could take up to five years to restore its profits to where they were before the outbreak.

06/04/2020|5:35:35 PM|Reuters
Trip.com Group invests in airport service app iSkytrip

Trip.com Group invests in airport service app iSkytrip

This is not the first time that the Chinese OTA has expanded into airport-related services.

06/02/2020|3:31:45 PM|ChinaTravelNews
Tripfuser lands £2.4M in funding, seeks further expansion

Tripfuser lands £2.4M in funding, seeks further expansion

RACV’s strategic investment provides the strongest endorsement for the Tripfuser tailored-travel marketplace and provides a platform for a long-term partnership.

06/01/2020|4:48:40 PM|Phocuswire
Hong Kong’s troubled Ocean Park saved as lawmakers approve HK$5.4 billion relief fund

Hong Kong’s troubled Ocean Park saved as lawmakers approve HK$5.4 billion relief fund

Keeping the park running as a traditional attraction will not help much.

06/01/2020|4:17:09 PM|SCMP
Caissa Travel suspends purchase of Tuniu shares from JD.com

Caissa Travel suspends purchase of Tuniu shares from JD.com

If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.

06/01/2020|10:01:08 AM|ChinaTravelNews
Chinese OTA giant faces tougher challenges in second quarter

Chinese OTA giant faces tougher challenges in second quarter

International transportation accounts for 50% of Trip.com Group's total transportation revenue, so transportation will be more vulnerable to the COVID-19 impact than hotels will.

05/30/2020|11:55:21 AM|ChinaTravelNews
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