OCT will invest USD 2.11bn to the whole project.
Heightened interest from investors signals the growing shift of consumer preferences when it comes to new modalities of travel and recreation.
Keeping the park running as a traditional attraction will not help much.
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.
Cirque du soleil founder Guy Laliberte says he wants to buy back the internationally celebrated circus company he created more than 35 years ago.
Car-hailing giant Didi started an international travel agency; Meituan recorded 45.5% fewer room nights due to pandemic impact.
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.
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.
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