Search results for “profitability”
"Direct sales" going up for Chinese carriers, but is it enough?
10/18/2017|9:02:02 PM|
Top carriers in China today have 40-45% sales coming in via "direct" channels. But this figure also includes selling inventory via OTAs. So this doesn't translate into owning the passenger for airlines.
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.
Utour reaps 3.875 billion yuan from outbound wholesale in H1 2017
08/23/2017|7:08:47 PM|
In the first half of 2017, Utour chalked up total operating revenues of RMB 5.05 billion, up by 13.40%, and incomes of outbound wholesaling business grew by 13.11% to RMB 3.875 billion.
South Korean businesses suffer major decline from China arrivals downturn
08/07/2017|11:20:24 PM|
Reduced visitor arrivals from China drove down profit of Lotte Department Store and Lotte Mart by 49% and sales volume by 4.3%; while demand for Lotte milk powder and candies also shrank drastically in ongoing THAAD fallout .
IHG’s mantra for localization in China – be “fully embedded”
08/31/2017|10:05:17 AM|
When you understand data, technology, media mix etc. by being in proximity with local partners, it can pave the way for apt localization, asserts Billy Turchin, VP, Digital and Voice, IHG Greater China.
Tongcheng and eLong said to have entered into a new round of strategic cooperation
08/11/2017|11:50:16 AM|
China Travel News has learned that Tongcheng and eLong have entered into a new round of strategic cooperation.
Outbound FIT supplier platform LPT completes an angel round financing
08/25/2017|11:05:29 AM|
Lazy Pig Trip consolidates its platform for supplying fragmented destination products to support China’s OTAs, travel agencies and e-commerce merchants at the supply end, having completed a recent angel round financing.
Tuniu trims net loss to $39.9 million in Q2 2017
08/17/2017|9:47:28 AM|
Tuniu's revenues from packaged tours rose 57.7% to USD 50.1 million in the second quarter. Net loss was further narrowed to USD 39.9 million, compared to net loss of RMB 756.9 million in Q2 2016.
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