Ctrip enlisted female executives including its CEO Ms. Jane Sun to help propel the company's global ambition. But Jane said she plans no huge investment like Skyscanner deal in two years.
Airbnb is projecting it will earn as much as USD 3.5 billion a year by 2020, according to sources close to the company.
House-sharing platform Locals announced that it has raised RMB 50 million in its Pre-A round in which ZhenFund was the lead investor.
ChinaTravelNews has learned that Beijing is finalizing legislation this year to license homestay businesses in the capital.
Sweden-based investment company Vostok New Ventures has upped its stake in OneTwoTrip via the purchase of shares from an existing shareholder.
TripAdvisor reaped revenue of USD 1,480 million in full-year 2016, down by 1% YoY. GAAP net income for the year dropped 39% to USD 120 million.
Airbnb is on a mission to be more than a home-sharing platform. It wants to be a flight booker, an itinerary planner and a vacation-home manager.
AppsFlyer‘s latest look at the state of app engagement shows that, on a global scale, retaining users remains challenging despite a year-on-year improvement in retention rates generally.