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Blacklane eyes assured path for expansion in China
06/05/2018|10:36:50 AM|
The German company asserts that the partnership route is key to expanding business in China. The team has made progress with this approach for the outbound business, and expects this to work out for the domestic segment too.
ChinaTravelNews Briefing: Chinese tourism, Ctrip and other players' moves
01/08/2018|9:33:21 AM|
For the past two weeks, ChinaTravelNews reported on how Chinese tourists affect the travel sector, a series of Ctrip’s moves, and news of major players Meituan, Tencent and Airbnb.
Chinese real estate company buys luxury travel firm A&K for $412 million
10/17/2017|10:50:07 AM|
Neo Dynasty, an overseas subsidiary of Chinese real estate and investment company Zhonghong Group, has closed the acquisition of 90.5% stake in luxury travel firm Abercrombie & Kent for $412 million.
Travelport sees highest air revenue growth in Asia Pacific in Q1 2017
05/10/2017|12:40:47 AM|
Travelport posted a 7% net revenue rise in the first quarter of 2017. International Travel Commerce revenue grew by USD 41 million, with Asia Pacific contributing primarily to this increase.
Chinese real estate firm acquires 90.5% stake in luxury travel firm A&K
05/09/2017|10:47:03 AM|
Chinese real estate and investment company Zhonghong Group announced on May 8 that it plans to acquire a 90.5% stake in luxury travel company Abercrombie & Kent (A&K) for USD 412.49 million.
What has Ctrip acquired in three years?
04/15/2017|5:03:54 PM|
Ctrip said that it may continue to acquire complementary businesses and assets in the future if presented with appropriate opportunities. It has just revealed details about its acquisitions in recent years.
Ctrip survey finds 73% Chinese travelers with budget of 10,000 yuan in 2017
03/30/2017|7:26:47 PM|
More than half of the polled Chinese travelers plan to spend over 10% of annual income on travel in 2017. Some 73% of them set aside a travel budget of more than RMB 10,000 (USD 1,452), and 60% will opt for outbound tours.
Universal Studios and Legoland set to join theme park fray in China’s top cities
03/14/2017|5:07:29 PM|
Fuelled by public excitement of Shanghai Disney Resort’s opening last June, global theme park operators Universal Studios and Legoland are set to add their own theme parks in China’s top cities.
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