Growing visitor numbers will put pressure on services and US providers with the most resources will be in a position to win the Chinese tourism market.
Shandong HI-Speed Group (SDHS) has been approved to participate in the acquisition of 49.99% equity of Toulouse Airport Company.
Shiji Technologies will invest 25 million euros to acquire 55.45% equity, of Austrian hotel data management company SnapShot.
Dujiake recently received an investment to the tune of RMB10 million and announced former Airbnb Taiwan executive Fengchi Hsu join its ranks.
A Chinese consortium is planning to turn France’s fourth largest airport - Aéroport Toulouse – Blagnac into a hub for Chinese visitors.
China is further opening up its service sector to Hong Kong and Macau service providers to include air transport support services.
By 2019 the number of Chinese tourists will total 174 million spending US$264 billion, up 60% from 2014.
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
