Search results for “acquisitions”
80% Chinese tourism companies report robust growth in interim results
09/04/2017|9:58:27 AM|
Nearly 80% of the listed tourism companies in China achieved growth in H1 2017. BTG Hotels, Caissa, CYTS and other companies saw net income attributable to stake holders surged by over 500%.
CAAC expects more than 50 new airports added in three years
09/20/2017|10:59:55 AM|
Over 50 new airports will be added in China by 2020. Some 68 runways, new terminals with a total floor area of 7.07 million square meters and 1832 aprons will also be added in the next three years.
Meituan completes acquisition of travel search company Kuxun from Tripadvisor
08/19/2015|11:01:06 PM|
China’s top group buy platform Meituan has just concluded its full acquisition of OTA Kuxun from TripAdvisor.
Marriott CEO: China is the best opportunity for growth
07/05/2017|2:58:05 PM|
Arne Sorenson, President & CEO of Marriott International, defined China as their largest market. Mr. Sorenson said that Marriott will need more brands to expand in the market.
Tongcheng and eLong said to have entered into a new round of strategic cooperation
08/11/2017|11:50:16 AM|
China Travel News has learned that Tongcheng and eLong have entered into a new round of strategic cooperation.
Qunar files anti-trust report against Ctrip’s acquisition of eLong with MOC
08/10/2015|11:15:17 AM|
Qunar has accusing its arch rival Ctrip of breaching Anti-Monopoly Law and the State’s declaration threshold guidelines in its acquisition of eLong.
Webjet acquires JacTravel to create a global B2B travel giant
08/02/2017|8:07:53 PM|
Australian travel group Webjet announces to acquire UK hotels and inbound tourism provider JacTravel. WebBeds, the B2B platform of Webjet, will become the second largest B2B travel platform worldwide.
HNA slows M&A pace after US$50b buying spree in past 2 years
06/06/2017|8:49:20 PM|
As the global market is increasingly complicated, the HNA Group will slow down in making acquisitions, having amassed overseas assets to make up 30% of its portfolio that contribute to half of the group’s revenue.
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