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China’s global hotel investment set to accelerate
03/02/2015|9:49:39 AM|
Chinese investors will inject more than 200 million GBP annually into the global hotel marketboosting their market share from the current 4% to 10% by 2017.
Chinese in their 30s a major force in outbound tourism spending
02/26/2015|10:21:46 AM|
Chinese travelers in their 30s are becoming the biggest spenders in outbound travel, powering China's global spending spree this Spring Festival.
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.
Chow Tai Fook sinks US$2.6 billion into Incheon Casino project
02/16/2015|5:11:35 PM|
Hong Kong-based Chow Tai Fook Group will invest US$2.6 billion in the Incheon Casino project that targets Chinese visitors.
Starwood Capital seeks Sunshine Insurance investment in hotel management company
02/09/2015|10:11:24 AM|
The high growth period for China's domestic property market has past and Chinese companies are now forced to invest in overseas real estate.
Destination travel site Aoliday raises US$1.6 million
01/20/2015|3:32:25 PM|
Outbound DIY travel booking service Aoliday announced it raised RMB10 million in its Series A financing to enhance services and develop new destinations.
China Southern leads Chinese carriers in 2014
01/05/2015|2:51:32 PM|
China Southern Airlines became the first Chinese carrier to top the 100 million passenger mark in a single year in 2014.
Wanda Tourism acquires yet another regional tour operator
12/12/2014|11:03:34 AM|
Wanda Tourism continues its takeover of regional tour operators with its acquisition of Kunming Scenic Travel, Wanda’s 11th such acquisition after Hunan tour operator Easygoing.
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