CTM Asia becomes the largest player in Hong Kong serving Greater China market after the acquisition, total transaction value reaching AUD$2.5 billion.
The battle to target a bigger pie of the outbound business featuring travelers from lower-tier cities in China is getting intense.
Chinese Preferred Hotels in cities such as Bali, Singapore, Tokyo, Osaka, Kyoto and Sapporo have all welcomed a surge in orders as Chinese-friendly services have become available to outbound travelers.
While luxury spending across all regions is likely to be 6%-8% higher this year than last (reaching $325-331 billion), China is expected to account for the lion’s share of the growth in 2018.
Thomas Cook has announced plans to shut down its in-house bed bank Medhotels. Expedia and Webjet are poised to take over contracting of the company’s own-brand and partner hotels.
Tao Peng, a local serial entrepreneur who built companies like Breadtrip, CityHunter and co-founded CityHome, announced personally that he would join Airbnb in September as President of Airbnb China.
HotelsCombined will be a great addition to KAYAK to further expand Booking Holdings' worldwide metasearch strategy.
Maitao acquires new customers with low-cost and high-quality courses such as Maitao Lab, and then channels the customers to high-value long-haul tours and camp activities.