Malvern has bought Superbreak from Holidaybreak. The Indian-based tour operator C&K owns two-thirds of Holidaybreak, and Holidaybreak will get £9.5 million from Malvern for the Superbreaks business.
HNA-Caissa recorded annual revenue of RMB 4.935 billion in 2015, with travel service accounting for RMB 4.259 billion. Net income applicable to common shareholders was RMB 206 million, up by 129.72% YoY.
The CITS Group Corporation and the HKCTS Group Corporation are planning a possible consolidation. The plan, yet to be finalized, will have to be approved by the authorities.
In the past 8 years, technology changed our life greatly. However, 4 ways of doing business have remained unchanged.
Thomas Cook India and Airbnb announced that they were looking at ways of working together and the Airbnb tie-up will open up Airbnb’s entire global inventory to the Indian market.
Japanese provider Veltra snapping up European player City Discovery this week, with Veltra combining its technology with City Discovery’s existing global operations and customer service expertise, therefore, Veltra reinforce its leading position in the B2C and B2B wings of the tours and activities sector.
Domestic OTAs have been engaged in a cut-throat battle over the past few years. Foreign OTAs have room for growth, but they need to move assiduously.
Qunar rose as Ctrip.com said it will buy a “significant minority stake” in the company three months after they formed a partnership.