Tibet-bound travel solution provider TibetJust has recently raised RMB 100 million in an angel round of financing, backed by travel platform Zuotoujing.
Over one-fifth of surveyed travelers used an OTA in trip planning and booking; OTA bookers stay 8% longer and spent nearly 18% more per trip than non-OTA bookers.
The focus on brand and search is critical as it may be the primary means of keeping Google Flights at bay.
With outbound travel and spending from China growing rapidly over the next 5 years, global brands must leverage WeChat’s capabilities and lure Chinese tourists, says data & analytics company GlobalData.
Hoteliers should not be concerned unless Amazon decides to buy an existing OTA player and build a global travel retail empire on this new acquisition’s platform.
Travelers posted 27% more hotel reviews in 2017 than a year earlier, and most of that growth can be attributed to Google.
Skyscanner's Q4 direct booking revenue nearly doubled year-on-year, and Trip.com achieved triple-digit growth in air ticketing volume.
In 2017, gross profit was RMB 1.2 billion ($179.5 million), an increase of 80.9% year-over-year; net loss was RMB 771.3 million ($118.6 million), compared to a net loss of RMB 2.4 billion in 2016.