Search results for “SASAC”
Firms gear up for China’s business travel recovery; Hilton sees China demand volatile | Daily Brief
02/14/2023|1:13:14 AM|
Chinese travelers want luxury ‘star-rated’ hotels; China says it is not restricting airlines from selling low fares.
China Eastern plans to restructure as an investment firm
11/14/2016|9:45:16 AM|
China Eastern Airlines has filed an application to the state authority to restructure itself into a “state-owned investment company with airline characteristics.”
China Southern Airlines sets up investment holding firm
05/05/2017|2:13:37 PM|
China Southern Airlines has set up its investment holding firm to operate industrial investment, financial service, and capital leverage. The official inauguration of the new firm is slated for June.
Travel conglomerate OCT to divest interests in two firms for 2.3 billion yuan
04/13/2017|10:15:10 AM|
Theme park and tourism firm OCT Co. plans to divest its stakes of 100% in Taizhou OCT and 60% in OCT Vision. The two deals will be worth RMB 2.3 billion.
China Eastern widens direct sales plan to international tickets
02/09/2017|3:41:00 PM|
China Eastern Airlines extended the ban on third-party agent ticketing to its international flights on February 6. The Shanghai-based carrier has made 46.8% of the total revenue, or RMB 19.02 billion, from direct sales in the first half of 2016.
CITS becomes a HKCTS subsidiary
07/12/2016|3:08:07 PM|
CITS has merged with HKCTS and come under the full control of the Hong Kong-based state-owned travel enterprise.
Challenges ahead as CITS and HKCTS set to merge
11/09/2015|5:53:43 PM|
The merger of two leading Chinese tour operators, CITS and HKCTS, is greeted with cautious optimism by industry observers..
China brands special part 1: Airlines - Premiumization and trust
05/26/2015|12:02:44 PM|
Part of a three-part special series, ChinaTravelNews takes a look at the Travel industry brands that made the list. Part 1 takes a look at airlines, seeing as four of China’s largest carriers have made the list.
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Trip.com Group reports 70% rise in Q1 international OTA platform revenue

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China, Japan and South Korea target 40 million tourist exchanges by 2030

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