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OCT to invest in Phoenix Valley eco-tourism project

OCT to invest in Phoenix Valley eco-tourism project

OCT will invest USD 2.11bn to the whole project.

06/05/2020|1:39:15 PM|InterPark
Travel-tech startup Cabana merges vanlife with boutique hotel comfort

Travel-tech startup Cabana merges vanlife with boutique hotel comfort

Heightened interest from investors signals the growing shift of consumer preferences when it comes to new modalities of travel and recreation.

06/01/2020|5:12:40 PM|AiThority
Hong Kong’s troubled Ocean Park saved as lawmakers approve HK$5.4 billion relief fund

Hong Kong’s troubled Ocean Park saved as lawmakers approve HK$5.4 billion relief fund

Keeping the park running as a traditional attraction will not help much.

06/01/2020|4:17:09 PM|SCMP
Caissa Travel suspends purchase of Tuniu shares from JD.com

Caissa Travel suspends purchase of Tuniu shares from JD.com

If Caissa Travel buys Tuniu shares as planned, it will possibly assume a heavy financial burden and take the risk of not getting returns in the long term.

06/01/2020|10:01:08 AM|ChinaTravelNews
Quebec pledges up to $200M US to support Cirque du Soleil

Quebec pledges up to $200M US to support Cirque du Soleil

Cirque du soleil founder Guy Laliberte says he wants to buy back the internationally celebrated circus company he created more than 35 years ago.

05/28/2020|4:46:19 PM|CBC
Hotel PMS firm raises $14 million; China accused of blocking US flights | Daily Brief

Hotel PMS firm raises $14 million; China accused of blocking US flights | Daily Brief

Car-hailing giant Didi started an international travel agency; Meituan recorded 45.5% fewer room nights due to pandemic impact.

05/25/2020|11:20:13 PM|ChinaTravelNews
Trip.com Group’s acquisition of Travix hints at appeal of smaller OTA

Trip.com Group’s acquisition of Travix hints at appeal of smaller OTA

Trip.com Group may have decided that it was easier to acquire Travix, which has loyal customers in niche segments, than to compete with Travix via its Trip brand.

05/22/2020|11:50:33 AM|Skift
China’s organized outbound tours reached 14.62 million in Q4 2019

China’s organized outbound tours reached 14.62 million in Q4 2019

China’s travel agencies served a total of 49.63 million travelers on organized domestic tours, and handled a total of 50.73 million domestic visitors during the period.

05/20/2020|9:39:19 AM|ChinaTravelNews
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