The collective income of China’s top 20 tourism groups this year is 40% higher than last year. The rapid growth is said to be a result of capital-driven mergers and online-offline consolidations.
The expenditure of Chinese business travelers is expected to reach USD 345 billion in 2017, an 8.4% increase year on year, according to major business travel management firm HRS.
London-based PMS provider Eviivo has received a cash injection of £3.5 million through Barclays’ venture debt fund.
China Eastern Airlines is planning to transfer its stake in wholly-owned subsidiary China Eastern Airlines Logistics Co., Ltd. to another subsidiary of its parent holding company.
The US secretary of commerce has called on China to reconsider its position on the ban on overseas Global Distribution Systems from operating in the country.
Airlines in China need to hire 5,550 pilots a year for the next two decades as new plane orders and demand for air travel surges, according to Boeing Co.
My Property Host found that hosts start trimming their asking prices at around 15 days to go, with discounts getting larger until six days out.
Wyndham's Danish arm Novasol has signed a deal to buy German company Wimdu and made an undisclosed investment in upmarket vacation rental firm Veeve to take the threat posed by Airbnb.