Research shows the activities market was worth about $135 billion last year and predicts it will increase to $183 billion by 2020.
Chinese accommodation sharing firm Tujia announced that its online platform has closed $300 million E round funding, following the separation of Tujia’s online and offline departments.
Roughly 800,000 Chinese went on a study tour abroad during the summer vacation, China's biggest online travel agency Ctrip reports.
Sydney-based startup Cozitrip has raised $2 million to date to build a B2B travel platform that allows Chinese travel agents to make bookings at hotels in Australia and New Zealand.
Fogel acknowledged that while he wants to grow Priceline’s existing brands, the company has an acquisitive nature. And its next target could be a smaller competitor in China.
Global companies like TripAdvisor and Expedia’s Trivago will spend millions of dollars on TV advertising this year and some of their ads are among the most recognizable TV ads in certain markets.
WeChat has replicated Baidu’s formula in creating the volume of flow with its searching function, but its advertising model on Tongcheng, eLong and other advertisers remains to be seen.
AI travel solution provider 52CX has acquired RMB 50 million in its angel round of financing, which was led by Hede Wanjia Fund and backed by Long Lv 365.com.