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EQT to create new European tourism group with Kuoni takeover

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.

02/12/2016|12:54:05 AM|ChinaTravelNews

Sabre reports fourth quarter and full year 2015 results

Sabre's Q4 2015 Travel Network revenue increased 22.3% to $531.2 million and its Adjusted EBITDA increased 20.9% to $208.0 million. Total bookings increased 33.0% driven by the acquisition of Abacus and continued strong growth in North America and EMEA.

02/09/2016|11:23:46 AM|ChinaTravelNews

Joyu Group captures RMB 800 million funding to kickstart crossover of drama IP with travel and internet

Joyu Group has gained RMB 800 million funding from a group of investors including Huace Film & TV on February 4. The deal will kickstart a new era for crossover collaboration between China’s movie and tv show giants and tourism destination operators.

02/05/2016|6:44:01 PM|ChinaTravelNews

Jin Jiang International becomes largest shareholder of AccorHotels

Jin Jiang International again raised its shareholding of AccorHotels to 6.03% and became the largest shareholder of the French hotel group.

02/04/2016|6:06:45 PM|ChinaTravelNews

Jin Jiang International raises AccorHotels stake to 5.5%

Jin Jiang International has increased its shareholding of AccorHotels to 5.5%, becoming the second largest shareholder of the French hotel group.

02/04/2016|6:20:03 PM|ChinaTravelNews

HNA Group generates RMB 13.7 billion from New Third Board listings

HNA Group made it to Fortune Magazine’s Top 500 list for the first time in 2015, ranking 464th with total revenue of USD 25.6 billion in the previous year. The company announced on January 28 that its total revenue in 2015 was RMB 188.1 billion (about USD 28.59 billion) in 2015.

02/03/2016|11:37:59 AM|ChinaTravelNews

MakeMyTrip FY16Q3: hotels and packages bookings up by 150%

In its unaudited Q3 result, MakeMyTrip's gross bookings reached $455.2 million with transactions for hotels and packages increased by 148.2% YoY.

01/29/2016|10:29:54 PM|ChinaTravelNews

Didi Kuaidi teams up with China Merchants Bank for mobile payment and strategic funding

Didi has formed a strategic partnership with China Merchants Bank, enabling the 14 million Didi drivers to obtain loans from CMB. CMB will also make a strategic investment of an undisclosed sum in Didi.

01/28/2016|11:46:27 AM|ChinaTravelNews
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