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Ctrip net revenues climb 46% in Q1 2017

Ctrip's transportation ticketing revenues in first quarter of 2017 rose 48% to USD 418 million after consolidating Skyscanner results for first time. The same revenues in Q1 2016 grew 106% YoY.

05/11/2017|8:06:51 AM|ChinaTravelNews

Priceline posts $20.7 billion gross travel bookings in Q1 2017

Priceline Group reported gross travel bookings growth of 24% in the first quarter of 2017. Gross profit grew 16% to USD 2.3 billion and net income rose 22% to USD 456 million.

05/10/2017|7:44:38 AM|ChinaTravelNews

Travelport sees highest air revenue growth in Asia Pacific in Q1 2017

Travelport posted a 7% net revenue rise in the first quarter of 2017. International Travel Commerce revenue grew by USD 41 million, with Asia Pacific contributing primarily to this increase.

05/10/2017|12:40:47 AM|ChinaTravelNews

Chinese real estate firm acquires 90.5% stake in luxury travel firm A&K

Chinese real estate and investment company Zhonghong Group announced on May 8 that it plans to acquire a 90.5% stake in luxury travel company Abercrombie & Kent (A&K) for USD 412.49 million.

05/09/2017|10:47:03 AM|ChinaTravelNews

China Southern Airlines sets up investment holding firm

China Southern Airlines has set up its investment holding firm to operate industrial investment, financial service, and capital leverage. The official inauguration of the new firm is slated for June.

05/05/2017|2:13:37 PM|ChinaTravelNews

CITS nets 20% more profit in 2016

CITS Group posted operating revenue of RMB 22.39 billion in 2016, up by 5.16%. Net profit last year climbed 20.07%. Operating revenue grew 10.54% in the first quarter of 2017 while net profit for the period rose 5.83%.

05/05/2017|1:51:32 PM|ChinaTravelNews

Sabre revenue rises 6.5% to $915 million in Q1 2017

Sabre reiterated its full-year 2017 guidance in the first-quarter report of 2017. Revenue rose 6.5% to USD 915 million in the quarter.

05/02/2017|9:11:28 PM|ChinaTravelNews

Homeinns contributes 81% of BTG Hotels’ operating revenue in Q1 2017

BTG Hotels’ operating revenue skyrocketed 437.35% YoY in the first quarter of 2017 to RMB 1.913 billion, of which Homeinns contributed 81.02%.

05/02/2017|9:32:16 AM|ChinaTravelNews
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