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CYTS operating revenue drops 4.31% to ¥4.761 billion

CYTS operating revenue drops 4.31% to ¥4.761 billion

In H1 2017, CYTS made ¥1.652 billion in operating revenue from travel products, ¥886 million from integrated marketing services, ¥197 million from hotels and ¥784 million from attractions.

08/31/2017|12:55:26 PM|ChinaTravelNews
US Travel Leaders Group and ALTOUR announce merger

US Travel Leaders Group and ALTOUR announce merger

Travel Leaders Group and ALTOUR have signed an agreement to unite under common ownership to form a single, powerhouse travel agency organization with nearly $24 billion in annual sales.

08/01/2017|6:21:19 PM|Traveldailynews
Chinese travelers “spend more but shop less” in outbound trips

Chinese travelers “spend more but shop less” in outbound trips

Chinese travelers will spend more on accommodation, dining, and entertainment, while shopping as a percentage of overall travel spend is likely to continue to decline, according to Oliver Wyman.

07/11/2017|10:41:52 AM|Moodie Davitt Report
Thomson brings multi-user VR experience to new concept store

Thomson brings multi-user VR experience to new concept store

UK travel agent Thomson has introduced the refreshing VR approach in its retail estate, featuring different user experience according to how the user navigates around the scenes and the involvement of the travel agent or advisor.

07/11/2017|9:22:08 AM|Tnooz
Chinese travelers take up 21% of global tourist consumption

Chinese travelers take up 21% of global tourist consumption

As the world's biggest spenders, Chinese mainland tourists spent USD 261 billion in 2016, accounting for nearly 21% of the world's tourist consumption.

07/10/2017|4:39:06 PM|ShanghaiDaily
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
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