Search results for “overseas destinations”
Taiwan OTA KKday raises USD 4.5 million in A-round funding
03/17/2016|11:13:01 AM|
KKday, a Taiwan platform for independent travel, has received USD 4.5 million for its A-round funding. The funding will be invested in developing its presence in Southeast Asia.
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?
6 million Chinese tourists spend RMB 90 billion overseas for New Year Holiday
02/16/2016|8:43:43 AM|
A record 6 million Chinese travelers traveled overseas during the Spring Festival holidays, spending RMB 90 billion in their travel, as China remains the world’s largest source market for outbound travel spending for three years.
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.
Jin Jiang Hotels secures RMB 4.92 billion loan for overseas acquisitions
02/26/2016|10:58:35 AM|
Jin Jiang Hotels has been granted a loan of RMB 4.92 billion by the Export-Import Bank of China’s branch in Shanghai as the travel company is planning further acquisitions overseas.
Haoqiao.cn repositioned as B2B portal for international hotels booking
02/26/2016|10:10:57 AM|
As it embarks on a new round of fund-raising for RMB 60 million, Haoqiao.cn plans to make itself the one-stop shop for connecting agents with international hotels, and deliver added values to travel agents who are looking for new ways of doing business.
China set to become world’s largest business travel market
02/02/2016|11:00:36 PM|
China’s inbound and outbound tourism traffic is expected to grow 5% in 2016, to 263 million, of which inbound tourist arrivals are expected to increase by 2.5% to 137 million, while outbound tourism traffic will increase by 8% to 126 million.
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.
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