Ctrip has about $700 million worth of convertible bonds due in July. Its shares are trading at about $33.50, 38% below the agreed convertible price of $54, according to data compiled by Bloomberg.
Social media keeps us connected while on vacation and offers a space for instant reviews, it also has negative consequences like over-tourism.
The FAS said that the company had asked hotels and hostels to offer the same prices on rival reservation websites as on Booking.com.
Six Flags' Chinese development partner appears to be in trouble, which could end much of the international licensing income for the chain.
Tourists to China care most about destination cities, followed by accommodation, itineraries, airlines and entertainment.
Buoyed by technological innovations and transformation in consumer demands, the travel sector has soared despite turbulence in the year.
DragonPass generated revenues of 1.1 billion yuan in 2019, representing a compound annual growth rate of 40% compared to three years ago.
The initial consideration is US$18 million, which represents approximately 6x of CTP's FY 2020 net profit before tax.
ChinaTravelNews is a wholly owned subsidiary of
©2019 TravelDaily Inc.