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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
China tourism investment to top 1.5 trillion yuan this year

China tourism investment to top 1.5 trillion yuan this year

China's tourism will remain a magnet for private capital. Direct investment in the sector is projected to jump more than 20% from last year to RMB 1.5 trillion (USD 218.07 billion) this year.

05/22/2017|9:40:04 AM|ChinaDaily
TUI Group’s online business continues to mature

TUI Group’s online business continues to mature

TUI Group’s six-month earnings to the end of March show an increase in not only the proportion of bookings taken online but also its number of customers.

05/16/2017|5:54:06 PM|Tnooz
Fosun reportedly raises stake in Thomas Cook to 11%

Fosun reportedly raises stake in Thomas Cook to 11%

Chinese conglomerate Fosun has raised its stake in Thomas Cook Group to 11%, reported Travelweekly, citing a disclosure file.

05/11/2017|7:37:40 PM|Travelweekly
TripAdvisor revenue rises 6% in Q1 2017

TripAdvisor revenue rises 6% in Q1 2017

User reviews and opinions grew 43% and reached 500 million at March 31, 2017. GAAP Net Income slided 55% to USD 13 million.

05/10/2017|11:29:26 PM|ChinaTravelNews
TUI Group targeting growth in China

TUI Group targeting growth in China

TUI Group CEO speaks on growth and innovation in global travel and how China and Europe are coming closer together at ITB China. The firm sees great potential to build a new base in China by its brand, technology, and holiday products.

05/10/2017|4:18:20 PM|TUI
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
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