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CNTA declares war on price slashing in China’s tourism industry
05/08/2015|10:52:10 AM|
China National Tourism Administration is taking action against “price slashing”, yet another malpractice in the cutthroat Chinese tourism industry.
China Southern makes stunning turnaround in profit
04/13/2015|9:22:50 AM|
China Southern Airlines has made more in the first quarter of this year than the whole of last year, reporting estimated net profits of RMB1.8-2 billion for Q1.
China’s carriers increase international routes to meet growing demand
04/08/2015|9:42:28 AM|
After breaking the 100 million-trip benchmark last year the market and registered an additional 10% y-o-y growth in Q1 this year.
BTG Hotels annual profit drops 4.66% in 2014
04/02/2015|10:25:25 AM|
BTG Hotels’ annual revenue and net profit fell last year, at 5.87% and 4.66% respectively to RMB2.791 billion and RMB112 million.
Chinese visitors contributed 25% to Japan’s record tourism income
04/15/2015|9:20:10 AM|
Chinese visitors contributed a quarter of Japan’s record tourism receipts of JPY2 trillion in 2014, according to Japanese government statistics.
China Southern’s 2014 annual revenue up 10.38% while profits continue slide
04/01/2015|12:08:02 PM|
China Southern is the only one one of the five major listed Chinese carriers with decreasing profitability. Its decline has lasted for two years.
Huazhu Hotels abruptly ends partnership with leading OTAs
04/29/2015|10:17:47 AM|
Huazhu Hotels announced it would terminate its partnership with–Qunar, Ctrip and eLong – for breach of contract terms.
Chinese conglomerates eye European airports as new acquisition targets
04/27/2015|9:39:45 AM|
Airports have become the new overseas acquisition targets for Chinese corporations with the acquisition of Lubeck Airport by China PR Group.
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