Trips made in the first three days of the usual travel peak were down nearly 75 percent year on year.
Unlike studio-themed parks in America and Europe which tend to look towards the past, the relative youth of China’s homegrown IP-based LBE industry is all about looking forward.
State planning agency expects travel during next month’s Lunar New Year period to be markedly lower than normal, with a bigger share of people taking cars instead of other forms of transportation.
Analysts say investment in MGM by a Chinese travel firm could be "tricky"; Chinese travel agencies handle 53% less domestic trips.
The Beijing-Shanghai high-speed rail handled 215 million passengers last year, accounting for 6% of the country’s total.
Trip.com Group’s live-stream marathon generates USD 56 million in GMV; Alibaba-backed Hellobike aims to take on Didi Chuxing in ride-hailing.
SilverRail will continue to supply Expedia Group’s business travel unit Egencia with rail options globally.
Amorepacific and CDFG focus on the Hainan travel retail market, which is now recovering quickly with triple-digit sales growth.
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