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US travel income dropped due to stagnating arrivals, OYO sees China profitability, more

03/12/2019|10:26:17 AM|

Spending by international visitors in the US dropped nearly 1% largely due to stagnating visitor arrivals from China; OYO China CFO said that the firm will think through profitability models in China.

ChinaTravelNews Briefing: Booking’s reinvention, Mafengwo’s funding and more

12/25/2017|3:07:29 PM|

We join the dots of the events that took place in the past two weeks to offer insights into the Chinese tourists, travel startup funding rounds, major OTAs and internet giants’ technology solutions in China.

China’s outbound tourism slowing in growth but diversifying

10/18/2017|11:52:03 AM|

The growth of outbound tourism traffic from China and their spending were slowing in 2016, while tourism traffic to “Belt and Road” countries increased significantly to around 50 million during the year.

China set to become world’s largest business travel market

02/02/2016|11:00:36 PM|

China’s inbound and outbound tourism traffic is expected to grow 5% in 2016, to 263 million, of which inbound tourist arrivals are expected to increase by 2.5% to 137 million, while outbound tourism traffic will increase by 8% to 126 million.

Songcheng Performing Arts to invest in 10 projects in three years

05/21/2015|5:32:35 PM|

Songcheng Performing Arts announced it will raise one billion RMB to set up an investment fund for developing its O2O entertainment business ecosystem.

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