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ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017|2:15:13 PM|
In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
CYTS operating revenue drops 4.31% to ¥4.761 billion
08/31/2017|12:55:26 PM|
In H1 2017, CYTS made ¥1.652 billion in operating revenue from travel products, ¥886 million from integrated marketing services, ¥197 million from hotels and ¥784 million from attractions.
Chinese outbound tourists increase 5% to 62.03 million in H1 2017
08/04/2017|11:28:49 PM|
China remains the world’s largest outbound tourism source market following a 5% increase year on year in the number of Chinese outbound tourists to 62.03 million in the first half of 2017.
Global theme parks: Disney remains No. 1, China set to surpass US
06/15/2017|4:17:17 PM|
Theme parks in China will have more attendances than those in the US by 2020, according to a global theme park report by AECOM and TEA.
Chinese tourist arrivals to Thailand drop 7.5% in first 4 months
05/24/2017|4:02:10 PM|
Mainland Chinese tourists made 7.5% fewer trips to Thailand in January to April this year. But they still ranked as the country’s largest source of overseas tourists and tourism revenue.
Chinese visitors to Japan spend 15% less per capita in Q1
04/25/2017|11:58:27 AM|
Mainland Chinese tourists to Japan spent 14.9% less per capita in the first quarter of 2017.
CYTS Tours’ net profit rises 63.83% in 2016
04/25/2017|1:32:41 PM|
Chinese tour operator group CYTS Tours recorded RMB 10.33 billion operating revenue in 2016, a 2.36% drop from a year before. Net profit grew 63.83% YoY to RMB 484 million in the year.
Spring Airlines posts 28.42% slump in 2016 net profit
04/05/2017|9:53:57 AM|
China’s biggest low-cost carrier reported a 28.42% fall in net profit for 2016. The airline also announced that its chairman Mr. Zhenghua Wang has stepped down and been replaced by his son and former president of the company, Mr. Yu Wang.
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