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Spring Festival outbound traffic up 10%
02/25/2015|3:58:33 PM|
Outbound travel from China during the Spring Festival holidays from February 18 to 24 leapt 10% year on year totaling 5.182 million trips.
2014 online shopping and O2O trends for Chinese netizens
02/25/2015|10:23:03 AM|
Chinese consumers spend the most on travel products when shopping online, an average of RMB3,750 per year, according to a McKinsey report.
NYC tourism industry targets Chinese market
02/05/2015|5:50:28 PM|
With the strengthened US dollar, NYC authorities are especially targeting Chinese tourists in a bid to attract more overseas visitors.
Sabre is ready to spend $500M, and Abacus is a likely target
01/29/2015|8:14:35 AM|
Sabre said in a financial filing this week that it was considering an acquisition to the tune of half-a-billion dollars during the next two months.
Airfares stay low as China’s first-time air passenger volume grows
02/16/2015|5:13:13 PM|
While first-time flyers comprised 40% of domestic traveler and 60%on international flights in 2014.
Qunar sparks another OTA price war with hotel booking cash back
02/15/2015|11:41:30 AM|
Qunar will undercut competitors by at least 10% in all their hotel prices via cash-back promotions, adopting a new slogan “one cent hotel”.
Chinese investments in global hotel industry to exceed US$5 billion
02/11/2015|1:34:50 PM|
Chinese investments are set to grow rapidly thanks to long-term investment strategies and therelaxation of cross-border capital flow control.
China Lodging appoints CFO as President
01/26/2015|3:12:46 PM|
China Lodging Group (CLG)CFO Jenny Zhang is appointed as President reporting directly to CEO Qi Ji.
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