Caissa Touristic announced on September 26 that it has lowered its private placement target from the original RMB 8 billion to RMB 7.208 billion.
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.
Hotel distributor GTA has expanded network of services with the acquisition of fellow provider MTS Globe, with a view to growing its beach, city and long-haul destinations.
Tui Group has announced the completion of the sale of Hotelbeds for €1.19 billion to British investor Cinven Capital Management and the Canada Pension Plan Investment Board.
Thomas Cook set up a high-end travel agency with Fosun in a bid to capture a more lucrative slice of China’s booming vacation market.
Travel agencies in China organized 13.72 million outbound visits in the second quarter of 2016, up by 17.32% YoY.
Outbound-tour operator UTour announced its strategic acquisition of a Japanese ground handler to explore the independent travel to Japan.
LN Holdings planned to splurge RMB 3.437 billion to acquire 90.45% shares of GuangZhiLv, 100% stake in both Garden Hotel and China Hotel.
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