Publicly listed Easy Food will issue 432 million shares to give HNA Tourism majority control and make it a shell for HNA subsidiary Caissa Touristic.
Utour reported stable growth, with 46.92% y-o-y growth in revenue for its wholesale operations and 42.03% growth in retail operations for 2014.
Major Chinese property developer Orient Victory Group plans to acquire 49% equity in China Comfort Travel for RMB441 million.
Alitrip has introduced Credit Stay in the first stage of its “future hotels” strategy that aims to revolutionize OTA involvement in the hotel industry.
HKCTS president Muhan Xu said it is once again mulling the listing of a hotel spinoff to leverage its hotel asset value.
Mafengwo has received funding to the tune of US$100 million from a number of investors including Expedia’s Rich Barton.
The Guangdong Tourism Association is tasked to promote the setting up of tour companies solely or jointly owned by Hong Kong investors.
Ctrip has recently launched Ctrip Global Cash Passport as part of its effort to extend its presence across the wider travel industry, its platform and online finance.
