Investment in China’s tourism industry has breached the trillion yuan mark this year and is expected to exceed three trillion yuan in the next three years.
China’s OTA market recorded RMB87.5 billion in transactions during the first quarter of 2015 an increase q-o-q of 11.7% and 29.2% y-o-y.
Despite facing its toughest quarter since Homeinns was established in 2002, the group is hopeful of building on its positive metrics from Q1
The Chinese online travel company believes its first quarter results are giving ample indication that its perseverance is about to pay off
China’s OTAs are scrambling to invest in Wi-Fi rental services which has shot up in popularity overnight.
Tempus Global has acquired travel management company (TMC) Qingdao ZX to pave the way for its entry into the Shangdong province market.
Shijie99 has recieved an investment from Utour, distribution rights for CTM Group’s products in China, and will set up JV with CTM's Westminster Travel.
China National Tourism Administration is taking action against “price slashing”, yet another malpractice in the cutthroat Chinese tourism industry.
