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Chinese real estate firm acquires 90.5% stake in luxury travel firm A&K

Chinese real estate and investment company Zhonghong Group announced on May 8 that it plans to acquire a 90.5% stake in luxury travel company Abercrombie & Kent (A&K) for USD 412.49 million.

05/09/2017|10:47:03 AM|ChinaTravelNews

Chinese visitors to Japan spend 15% less per capita in Q1

Mainland Chinese tourists to Japan spent 14.9% less per capita in the first quarter of 2017.

04/25/2017|11:58:27 AM|ChinaTravelNews

Outbound travel from China to Europe expected to rise 10% in 2017

Europe received 5.13 million visitor arrivals from China in 2016, up by 6.3% YoY. The arrivals number is expected to grow 10% to 5.5 million this year.

04/12/2017|1:55:15 PM|ChinaTravelNews

Theme park and travel group OCT posts 35.48 billion yuan revenue in 2016

Theme park and tourism group OCT reported annual operating revenue of RMB 35.48 billion in 2016, 10.07% more than previous year. Net income attributable to shareholders rose 48.44% YoY to RMB 6.89 billion.

04/12/2017|2:58:38 PM|ChinaTravelNews

Theme park group Fantawild posts 711 million yuan net profit in 2016

Theme park operator Fantawild reported that operating revenue from its cultural and technological parks climbed 33.51% to RMB 1.77 billion in 2016, accounting for a dominant 91.03% share of the company’s total income in the year.

03/29/2017|11:14:30 AM|ChinaTravelNews

Universal Studios and Legoland set to join theme park fray in China’s top cities

Fuelled by public excitement of Shanghai Disney Resort’s opening last June, global theme park operators Universal Studios and Legoland are set to add their own theme parks in China’s top cities.

03/14/2017|5:07:29 PM|ChinaTravelNews

Destination service LazyCat Travel gets millions of yuan in A+ round

Destination travel supplier LazyCat Travel raised millions of yuan in its series A+ round. The company focuses on outbound sector and distributes around 90% of its tour products on Alibaba’s travel marketplace.

03/08/2017|11:22:15 AM|ChinaTravelNews

Destination booking service Klook closes $30 million round led by Sequoia

Travel experience reservation platform Klook announced on March 2 that it has raised USD 30 million in its B round funding, which had Sequoia Capital China as lead investor.

03/03/2017|11:57:18 AM|ChinaTravelNews
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