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Hainan Airlines gains 22.95% in ancillary income
03/30/2017|11:05:35 AM|
HNA Group’s core carrier Hainan Airlines recorded annual revenue of RMB 40.68 billion in 2016, up by 15.48% YoY. Ancillary income rose 22.95% to RMB 2.64 billion last year.
Ctrip sees 430-billion-yuan GMV in 2016
02/24/2017|9:53:15 AM|
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.
HotelGG’s subsidiary DeJa Equipment Leasing raises multi-million yuan
03/10/2017|5:08:05 PM|
Conference venue booking platform HotelGG announced its subsidiary DeJa Equipment Leasing, an event LED rental provider, has completed a financing round of tens of millions of yuan.
ANA sets up shopping portal in Chinese, using WeChat as payment means
03/09/2017|10:19:04 AM|
All Nippon Airways will launch Chinese-language shopping website ANA Cargo Direct Mail this month, and WeChat Pay has been appointed its exclusive third-party payment operator.
Outbound travel site Woqu merges with Lulutrip and announces $25 million B+ round
03/21/2017|8:02:53 AM|
Outbound local tour platform Woqu announced that it has merged with Lulutrip, a travel service for overseas Chinese tourists. Meanwhile, it has raised USD 25 million in its series B+ round funding.
Destination booking service Klook closes $30 million round led by Sequoia
03/03/2017|11:57:18 AM|
Travel experience reservation platform Klook announced on March 2 that it has raised USD 30 million in its B round funding, which had Sequoia Capital China as lead investor.
China Lodging Group buys Crystal Orange Hotel for $540 million
02/27/2017|9:39:22 AM|
China Lodging Group (Huazhu Hotels) announced an agreement to buy 100% stake in boutique hotel operator Crystal Orange for RMB 3.65 billion (USD 540 million).
Sabre revenue rises 13.9% YoY in 2016
02/07/2017|9:57:19 PM|
Sabre reported revenue growth of 13.9% to USD 3.373 billion in full-year 2016. Consolidated net income attributable to common stockholders totaled USD 242.6 million, down by 55.5% YoY.
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