Search results for “Chinese Yuan”
Ride sharing provider Linghangyuan completes multi-million funding round
01/21/2019|9:43:34 AM|
Linghangyuan Technology rents out cars by the hour and provides customized technical services and operational solutions targeting business customers and leisure travelers.
China’s Top 20 Tourism Groups report GMV exceeding 1.5 trillion yuan again
12/14/2018|9:59:54 AM|
China’s biggest tourism companies have been reporting annual turnover exceeding 10 billion yuan and GMV of trillions of yuan since 2016.
Affordable luxury brand Hotel MoMc bags another funding following 60-million yuan injection
12/21/2018|8:57:19 AM|
Hotel MoMc is optimistic of the budding markets in the second-, third- and fourth-tier cities and aims to integrate local characteristics to create personalized stays.
Ctrip issues 2018 Chinese Cross-border Travel Consumption Report
11/23/2018|1:36:36 PM|
Chinese tourists’ spending in the United States, Australia, Canada and Japan still ranked top, and the spending level continued to increase rapidly.
Booking.com is promoting its home listings while expanding partnerships in China
12/02/2018|7:21:30 AM|
As one of the largest travel e-commerce companies in the world, Booking.com is playing catch up in homes category by showcasing more homes and apartments than traditional accommodations.
Wanda unveils mid-end hotel brand, Shangri-La ties up with Klook, and more
12/10/2018|11:54:46 AM|
Visa-free entry to the EU may add €12.5 billion more tourism spending from Chinese visitors every year. Budget airlines in China are actively growing ancillary revenues, while state-owned carriers only provide prepaid seat selection options for international flights.
Major Chinese airlines report drop in profits due to currency depreciation and rising costs
10/31/2018|3:43:52 PM|
China Eastern Airlines reported a 38% drop in net profit for in the third quarter. Hainan Airlines saw a 90% year-on-year tumble in operating profit to $33.5 million.
Tujia targets 15 billion yuan in GMV by 2019
11/05/2018|10:50:28 AM|
The short term rental category in China is “burning” a lot of money at this stage. But, as Tujia’s CFO Warren Wang points out, things are expected to change considerably for the company over a period of next two years.
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