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Chinese outbound tourism far outpaces inbound travel in recent decade

Chinese outbound tourism far outpaces inbound travel in recent decade

Some 128 million mainland tourists went abroad in 2015, a 312.9% increase over 2005. Yet over the same decade, inbound tourism only rose by 11.2%.

07/07/2017|12:09:39 PM|Global Times
Open Destinations buys mobile itinerary app Tineri

Open Destinations buys mobile itinerary app Tineri

Open Destinations buys mobile itinerary app Tineri which helps tour operators offer a mobile application to customers during their trip. Open Destinations plans to integrate up-sell tools through this app.

06/13/2017|3:04:18 PM|Tnooz
Greek resort built by Fosun is hoped to revive tourism for the island paradise

Greek resort built by Fosun is hoped to revive tourism for the island paradise

Fosun International is joining hands with a consortium from Abu Dhabi to invest US$7.9 billion in developing a resort on a site in a southwest suburb of Athens that measures three times the size of Monaco.

06/07/2017|7:44:43 PM|ChinaTravelNews
China tourism investment to top 1.5 trillion yuan this year

China tourism investment to top 1.5 trillion yuan this year

China's tourism will remain a magnet for private capital. Direct investment in the sector is projected to jump more than 20% from last year to RMB 1.5 trillion (USD 218.07 billion) this year.

05/22/2017|9:40:04 AM|ChinaDaily
TUI Group’s online business continues to mature

TUI Group’s online business continues to mature

TUI Group’s six-month earnings to the end of March show an increase in not only the proportion of bookings taken online but also its number of customers.

05/16/2017|5:54:06 PM|Tnooz
Fosun reportedly raises stake in Thomas Cook to 11%

Fosun reportedly raises stake in Thomas Cook to 11%

Chinese conglomerate Fosun has raised its stake in Thomas Cook Group to 11%, reported Travelweekly, citing a disclosure file.

05/11/2017|7:37:40 PM|Travelweekly
TripAdvisor revenue rises 6% in Q1 2017

TripAdvisor revenue rises 6% in Q1 2017

User reviews and opinions grew 43% and reached 500 million at March 31, 2017. GAAP Net Income slided 55% to USD 13 million.

05/10/2017|11:29:26 PM|ChinaTravelNews
TUI Group targeting growth in China

TUI Group targeting growth in China

TUI Group CEO speaks on growth and innovation in global travel and how China and Europe are coming closer together at ITB China. The firm sees great potential to build a new base in China by its brand, technology, and holiday products.

05/10/2017|4:18:20 PM|TUI
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