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National Geographic Expeditions acquires Global Adrenaline

National Geographic Expeditions acquires Global Adrenaline

National Geographic Expeditions announced that it has acquired Global Adrenaline.The transaction is a key part of its overall growth plan for the travel business.

05/09/2017|7:21:41 PM|TravelDailyNews
CITS nets 20% more profit in 2016

CITS nets 20% more profit in 2016

CITS Group posted operating revenue of RMB 22.39 billion in 2016, up by 5.16%. Net profit last year climbed 20.07%. Operating revenue grew 10.54% in the first quarter of 2017 while net profit for the period rose 5.83%.

05/05/2017|1:51:32 PM|ChinaTravelNews
Tempus Global’s net profit increased 22.52% in 2016

Tempus Global’s net profit increased 22.52% in 2016

Travel and finance group Tempus Global’s operating revenue grew 37.93% to RMB 1.28 billion in 2016. Net profit rose 22.52% YoY to RMB 178 million in the time.

04/28/2017|1:42:34 PM|ChinaTravelNews
Tour operator groups post revenue upsurge buoyed by outbound growth

Tour operator groups post revenue upsurge buoyed by outbound growth

Chinese tour operator giant Utour Group recorded operating revenue of RMB 10.1 billion in 2016, up 20.71% YoY, while peer HNA-Caissa’s operating revenue of the year grew 34.48% to RMB 6.64 billion.

04/28/2017|1:54:02 PM|ChinaTravelNews
CYTS Tours’ net profit rises 63.83% in 2016

CYTS Tours’ net profit rises 63.83% in 2016

Chinese tour operator group CYTS Tours recorded RMB 10.33 billion operating revenue in 2016, a 2.36% drop from a year before. Net profit grew 63.83% YoY to RMB 484 million in the year.

04/25/2017|1:32:41 PM|ChinaTravelNews
Chinese travelers spend 12% more outbound in 2016

Chinese travelers spend 12% more outbound in 2016

With a 12% increase in spending last year, China continued to lead international outbound tourism, followed by US, Germany, UK and France as top five spenders worldwide, reported UNWTO.

04/14/2017|5:11:40 PM|UNWTO
Travel conglomerate OCT to divest interests in two firms for 2.3 billion yuan

Travel conglomerate OCT to divest interests in two firms for 2.3 billion yuan

Theme park and tourism firm OCT Co. plans to divest its stakes of 100% in Taizhou OCT and 60% in OCT Vision. The two deals will be worth RMB 2.3 billion.

04/13/2017|10:15:10 AM|ChinaTravelNews
Revenue from rural tourism hits $82.66 billion in 2016

Revenue from rural tourism hits $82.66 billion in 2016

Revenue from China's rural tourism surpassed RMB 570 billion (USD 82.66 billion) in 2016, up significantly from RMB 440 billion a year ago.

04/12/2017|10:03:23 AM|Xinhua
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