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Russia becomes a top outbound destination for China
10/10/2016|6:17:30 PM|
Russia displaced Hong Kong, Macao and Taiwan as a top destination for mainland Chinese travelers during the holiday, and welcomed 103.1% more visitors during the peak period.
Bike-sharing startup ofo secures $130m C round
10/10/2016|6:16:32 PM|
Bicycle-sharing company ofo raised USD 130 million in its C round, while its major competitor Mobike also closed a $100m round backed by Sequoia Capital and Hillhouse Capital.
Tongcheng plans to acquire Wanda Tourism
10/10/2016|5:43:49 PM|
Tongcheng Tourism and Wanda Group jointly announced on October 9 that the two companies plan to merge Wanda’s tourism unit with Tongcheng Tourism.
Marriott will have more hotels in China than the US in 5 years
10/07/2016|6:11:41 PM|
Marriott plans to open about 100 mid-scale hotels in China within next five years. This is expected to give the hotel group a bigger presence in China than in the United States.
HNA-Caissa to buy outbound tour operator Tiantian Shanglv
10/04/2016|6:08:36 PM|
Caissa Touristic plans to lead E-Life Financial's capital increase by injecting RMB 550 million into the HNA finance unit and acquire tour operator Tiantian Shanglv for RMB 149 million.
HKCTS vows to avoid horizontal competition with CITS
10/02/2016|11:15:44 AM|
CTS Group, a new company formed of the HKCTS-CITS merger, announced in a recent commitment letter that it plans to avoid horizontal competition with its fully-own subsidiary CITS.
Alitrip launches VR view for mid- and up-scale hotels
09/30/2016|2:04:15 PM|
Alitrip launched 360-degree panoramic VR viewing of hotels listed on its platform. This is expected to help mid to upper range hotels increase booking conversion.
Hilton brings apartment-style hotel to China’s mid-range
09/30/2016|1:46:14 PM|
Hilton Hotels recently introduced its concept of apartment-style hotel to China for the first time in a bid to expand into the country’s mid-scale market.
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