Search results for “merger”
UTour revenue skyrockets by 98.4% in 2015
02/29/2016|11:25:34 PM|
The Chinese outbound travel and MICE services operator UTour reported 98.4% revenue growth for 2015, to RMB 8.366 billion, and operating profit also went up by 79.17% to RMB 259 million.
CITS and HKCTS to merge into largest state-owned travel enterprise
02/26/2016|11:28:23 PM|
The CITS Group Corporation and the HKCTS Group Corporation are planning a possible consolidation. The plan, yet to be finalized, will have to be approved by the authorities.
MakeMyTrip FY16Q3: hotels and packages bookings up by 150%
01/29/2016|10:29:54 PM|
In its unaudited Q3 result, MakeMyTrip's gross bookings reached $455.2 million with transactions for hotels and packages increased by 148.2% YoY.
EQT to create new European tourism group with Kuoni takeover
02/12/2016|12:54:05 AM|
Swedish private equity firm EQT aims to create a new European tourism group with the agreed takeover of Kuoni and possible purchase of TUI's Hotelbeds unit.
UTour might acquire Huayuan for in-depth cooperation with Ctrip
01/27/2016|5:58:51 PM|
UTour might take full control of Huayuan and carry out in-depth cooperation with Ctrip on vacation tours. This might be the largest merger ever in the vacation tourism sector of China.
Taxi app consolidation reaches Latin America
12/21/2015|5:53:16 PM|
EasyTaxi announces that it has “merged” with Tappsi to deal with competition from Uber and other taxi apps.
Challenges ahead as CITS and HKCTS set to merge
11/09/2015|5:53:43 PM|
The merger of two leading Chinese tour operators, CITS and HKCTS, is greeted with cautious optimism by industry observers..
Huazhu Hotels to acquire local budget hotel chain Hotel Home
12/25/2015|11:16:55 PM|
Huazhu Hotels has signed an acquisition agreement with budget hotel chain Hotel Home estimated to be worth around RMB80 million.
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