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Smart tour guide operator Lvji reports a net loss of $11.7 million for H1

Smart tour guide operator Lvji reports a net loss of $11.7 million for H1

Lvji uses VR technology innovation to further launch VR business in order to grasp the trend of cloud tourism and 5G innovation.

09/01/2020|11:38:48 AM|ChinaTravelNews
After early-COVID layoffs, Hipcamp is buying competition, hiring

After early-COVID layoffs, Hipcamp is buying competition, hiring

To date, Hipcamp has helped people spend 2.5 million nights outside across 6,000 hosts in the United States, Australia and Canada.

08/31/2020|10:51:16 AM|TechCrunch
China tourism group Duty Free Corp.'s first-half net profit slumped 72%

China tourism group Duty Free Corp.'s first-half net profit slumped 72%

The company's revenue from duty-free goods sales in the tourist hotspot of Sanya grew 12% to RMB 5.98 billion.

08/28/2020|6:54:50 PM|Morning Star
Tencent-invested travel firm reports 24.6% drop in revenue, sees recovery trend

Tencent-invested travel firm reports 24.6% drop in revenue, sees recovery trend

As of June 30, around 85.9% of its registered users resided in non-first-tier Chinese cities.

08/28/2020|6:37:48 PM|ChinaTravelNews
Marriott partners with Quintessentially on luxe road trips

Marriott partners with Quintessentially on luxe road trips

Available for booking through the end of October, the customizable road trip packages are curated by Quintessentially and start at USD 15,000 for two guests.

08/28/2020|12:33:03 PM|Travel Weekly
Fosun Tourism posts 50% drop in half-year revenue

Fosun Tourism posts 50% drop in half-year revenue

The company launched the “Thomas Cook Lifestyle Platform” and recorded over 104,000 registered users and transaction volume of around USD 4.8 million in less than a month.

08/26/2020|5:17:05 PM|ChinaTravelNews
Airbnb is set for a blockbuster IPO

Airbnb is set for a blockbuster IPO

Airbnb may also be sneakily well-positioned to come out on top.

08/25/2020|6:14:24 PM|Phocuswire
Beijing tightens regulations on urban home-sharing business

Beijing tightens regulations on urban home-sharing business

The move is intended to promote sustainable development in the long run, though homestay players will be hit in the short term.

08/25/2020|11:29:45 AM|ChinaTravelNews
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