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China's tourism enters key phase of transformation: CASS report

China's tourism enters key phase of transformation: CASS report

Domestic supply cannot entirely satisfy tourist demand, as many Chinese middle-class tourists tend to fly abroad during long holidays. In addition, the added cultural value of tourism remains relatively low.

01/10/2019|11:47:06 AM|Global Times
Wanda confirms sale of two tourism units to Sunac China for $900 million

Wanda confirms sale of two tourism units to Sunac China for $900 million

Wanda says it will continue to be involved in the tourism sector.

10/30/2018|9:13:46 AM|SouthChinaMorningPost
Wanda scoffs at story Sunac will snag its culture, tour business

Wanda scoffs at story Sunac will snag its culture, tour business

Wang Jianlin, Wanda’s board chairman, is preparing to bid adieu to the culture and tourism sector, and the company is transferring its culture units' core business and staff to Sunac, Caijing reported.

10/18/2018|9:35:19 AM|YiCai Global
Big Bus Tours acquires Singapore’s DUCK & HiPPO Group

Big Bus Tours acquires Singapore’s DUCK & HiPPO Group

As a result of the acquisition, Singapore will join the Big Bus Tours global portfolio as the global sightseeing company's 21 st city.

09/05/2018|5:57:37 PM|BigBusTours
Club Med owner seeks to raise up to $700 million in Hong Kong IPO

Club Med owner seeks to raise up to $700 million in Hong Kong IPO

The company seeks to "infuse concepts of tourism and leisure into everyday living, and provide tailor-made, one-stop solutions through FOLIDAY global ecosystem".

09/04/2018|2:57:06 PM|ChinaTravelNews
Why offering local tours and activities is a huge revenue opportunity for hotels

Why offering local tours and activities is a huge revenue opportunity for hotels

Hoteliers will not only increase occupancy, but also get incremental revenues and advantages over competitive set and the OTAs by offering local tours and activities bundled with hotel accommodations or offered as add‐ons.

08/11/2018|9:55:43 AM|PhocusWire
Optimizing digital media mix in China – 5 areas demanding deeper introspection

Optimizing digital media mix in China – 5 areas demanding deeper introspection

The constant refining of features on high-traffic ecosystems such as Tencent, search-related activity going beyond search engines or the rising popularity of an app such as Douyin, such developments demand a deeper introspection into how creative and media strategy needs to be planned out in China.

07/09/2018|7:50:39 AM|ChinaTravelNews
TourRadar raises $50 million to strengthen platform and drive expansion

TourRadar raises $50 million to strengthen platform and drive expansion

TourRadar specializes in search and booking services for multi-day travel. The platform provides more than 20,000 tourism projects covering 200 countries around the world.

06/27/2018|11:26:49 AM|Tnooz
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