Search results for “outbound tourism”
Chinese buyers spend USD 2.6 billion on US hotel property acquisitions in 2015
04/12/2016|8:13:56 AM|
Chinese companies splashed out USD 2.6 billion on buying US hotel properties in 2015 and the buying spree is expected to keep on
Ctrip’s partner UTour plans full acquisition of HuaYuan
03/03/2016|6:18:43 PM|
Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.
Tuniu forays into unchartered areas in addition to its tour packages offering
03/03/2016|6:18:58 PM|
How is the current crop of online travel companies in China trying to unlock additional profitability? How can the huge volume of traffic be better monetized by OTAs? Are all transactions 100% digital?
CNTA: Chinese investors rushing to invest in Europe
01/29/2016|10:01:47 AM|
The full-on collaboration between the travel sectors of China and Europe has turned Europe into a “gold-rush” market for Chinese travel enterprises, which has been making diversified investment overseas.
Ctrip sets up financial services division to tap into the travel finance segment
01/20/2016|4:09:57 PM|
Ctrip announced it is setting up Ctrip Financial Services division that will jointly launch the Ctrip Traveler Rewards with MasterCard.
China outbound travel surges to 120 million trips with strong demand for shopping
12/08/2015|5:53:12 PM|
China is world’s largest outbound travel market for the third year runnning, as the growth rate for outbound travel volume is expected to reach 16% this year.
UTour might acquire Huayuan for in-depth cooperation with Ctrip
01/27/2016|5:58:51 PM|
UTour might take full control of Huayuan and carry out in-depth cooperation with Ctrip on vacation tours. This might be the largest merger ever in the vacation tourism sector of China.
CITS enters JV to develop tourism retail overseas
12/18/2015|9:47:29 PM|
CITS and a subsidiary have joined hands with four other Chinese outbound tour operators to set up China Overseas Tourism Investment Management Co.
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