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OTA giant names new chief; Travel group expands destinations | Weekly Review
12/27/2020|5:35:14 PM|
CTS Group buys 34% stake in "micro vacation" resort brand for $23 million; Hotel digital solution provider Lumous closes Series B round.
CTS Group invests in resorts; China urges reduced travel during holiday | Daily Brief
12/25/2020|10:25:28 PM|
Beijing avoids draconian COVID restrictions ahead of festival; Trip.com Group appoints executive president of market.
CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million
12/25/2020|4:50:27 PM|
New Century Senbo offers short-distance vacations near cities to the Chinese middle-class consumers.
China bans UK flights; Hotel digital solution firm secures funding | Daily Brief
12/24/2020|11:17:58 PM|
UK COVID-19 variant found in Hong Kong; China invests $656 million in culture, tourism.
China bans flights to and from UK
12/24/2020|4:35:33 PM|
So far, more than 40 countries and regions have decided to suspend flights from the UK or impose stricter entry policies on arrivals.
Hotel digitization solution provider Lumous closes Series B financing round
12/24/2020|2:53:40 PM|
Lumous has established partnerships with 70% of China’s top ten hotel brands including Jinjiang Hotels and BTG Homeinns.
Upscale hotel chain, travel group make investments; OTA works on live-stream | Daily Brief
12/24/2020|12:03:59 AM|
Club Med of Fosun Tourism speeds up recovery in Asia Pacific; ForwardKeys predicts China outbound travel to rise over 80% in 2022.
Travel group LN Holdings acquires two tour operators to expand destination network
12/23/2020|11:50:54 PM|
Last month, Guangzhilv announced that it will acquire Shanghai Shenshen International Travel Service to set up its eastern destination-service system.
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