Search results for “profitability”
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.
UTour revenue skyrockets by 98.4% in 2015
02/29/2016|11:25:34 PM|
The Chinese outbound travel and MICE services operator UTour reported 98.4% revenue growth for 2015, to RMB 8.366 billion, and operating profit also went up by 79.17% to RMB 259 million.
UCAR becomes controlling shareholder of CAR Inc. after shares transfers
03/16/2016|10:09:54 PM|
Following share transfers from Hertz Holdings and the management of CAR Inc. to UCAR, the chauffeured service provider will become the largest shareholder of CAR Inc.
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.
Carving a niche for a mobile app in a fragmented business category
12/07/2015|6:04:26 PM|
eHi shares why its current share of digital bookings stands out, especially the ones coming from its mobile app.
Amadeus reports financial results for full year 2015
02/26/2016|12:45:51 AM|
In its latest report on financial results for full year 2015, Amadeus had its total air travel agency bookings rose 8.3%, to 505.0 million.
Chinese visitor arrivals to EU up by 22.9% in 2015
03/14/2016|10:15:54 PM|
Chinese citizens made 3.4276 million trips to European Union countries in 2015, increased by 22.9% year-on-year, while EU visitor arrivals to China was 2.9841 million in the same year, according to data from China National Tourism Administration.
Jin Jiang eyes mid-range hotel market
03/09/2016|6:23:39 PM|
Leveraging capital operation, state-owned hotel giant Jin Jiang is poised to capture a lion share of the mid-range hotels market by taking equity in Huazhu.
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