Outbound DIY travel booking service Aoliday announced it raised RMB10 million in its Series A financing to enhance services and develop new destinations.
“CNTA’s new jointly established fund will operate under market-driven principles to support exemplary integrated tourism projects” .
China’s tourism authorities anticipate significant investments in the tourism industry and new jobs for 1.8 million people from 2015 to 2017.
Negative international perception of China is leading to a decline in inbound tourism to China according to a China tourism international public opinion survey.
A survey also shows that short-haul destinations were still more popular, though the number of Chinese travelling to Southeast Asia plunged more than 34%
According to a Korean newspaper, Chinese ecommerce giant Alibaba is planning to invest US$460 million into the creation of an “Alibaba Town” facility in Incheon, Korea.
“The increase in Chinese tourists is giving Chinese companies the impetus to invest in New Zealand especially in the hotel industry”
Malaysian Association of Tour & Travel Agents (MATTA) is disappointed that the government is only offering free visas for Chinese tourists instead of visa-free entry.