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Airbnb pushes forward localization in China with a Chinese team

09/08/2017|1:07:58 PM|

Airbnb in China has made its domestic business as important as its outbound business, and it has amassed 120,000 active property listings and drawn up to 2.5 million guests to those properties so far.

Fosun spins off travel unit for IPO in 2020

12/01/2016|9:02:17 AM|

China’s private conglomerate Fosun International announced on November 29 that it will complete spin-off of its travel arm by the end of this year for a potential IPO in 2020.

Travelsky takes stake in China Merchants’ new insurance arms

05/25/2016|9:29:06 AM|

Travelsky announced that it would make two investments of RMB 875 million each to take 17.5% shares from each of the two new China Merchants Group subsidiaries, CMRH Life and CMRH P&C

China’s State Council policies to promote tourism investment and consumption

07/31/2015|8:58:24 PM|

PRC State Council has included policy for promoting tourism investment and consumptionon the agenda of its recent executive meeting.

Tuniu boycott ends as tour operators come back in the fold under CNTA oversight

04/27/2015|9:39:32 AM|

Tuniu and Utour conflict took a new turn when the 17 tour operators resumed their partnership with Tuniu on April 26.

Beijing five-star hotels suffer losses in 2014

04/02/2015|9:47:55 AM|

As hotels are rushing to fill vacancies with leisure travel customers the industry is finally on the path to healthy development.

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Marriott Bonvoy launches joint membership program with Meituan

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