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Time for Chinese hotels to gear up for dynamic pricing
03/22/2016|11:08:55 AM|
In China, travel companies are still predominantly working on static rates. In fact, some of the Chinese OTAs work on this model too.
Mofang Apartment reportedly completes C round with USD 300 million
04/11/2016|8:29:52 AM|
Long-stay rental platform Mofang Apartment has raised USD 300 million in its series C round financing led by AVIC Trust, according to a WeChat Official Account named Fang Dong Dong on April 7
Taiwan OTA KKday raises USD 4.5 million in A-round funding
03/17/2016|11:13:01 AM|
KKday, a Taiwan platform for independent travel, has received USD 4.5 million for its A-round funding. The funding will be invested in developing its presence in Southeast Asia.
6 million Chinese tourists spend RMB 90 billion overseas for New Year Holiday
02/16/2016|8:43:43 AM|
A record 6 million Chinese travelers traveled overseas during the Spring Festival holidays, spending RMB 90 billion in their travel, as China remains the world’s largest source market for outbound travel spending for three years.
China Eastern adds 49 jets for international flights this year
03/08/2016|6:29:22 AM|
In coordination with the Belt and Road Initiative, China Eastern will enhance its international flight operation by adding 49 more planes, said Xulun Ma, general manager of the Shanghai-based carrier.
Chinese travelers spend over USD 100 billion overseas in 2015
02/04/2016|6:08:26 PM|
Chinese outbound visitor traffic in 2015 reached 120 million, up by 12% YoY, and they spent USD 104.5 billion, increased by 16.7% YoY.
China set to become world’s largest business travel market
02/02/2016|11:00:36 PM|
China’s inbound and outbound tourism traffic is expected to grow 5% in 2016, to 263 million, of which inbound tourist arrivals are expected to increase by 2.5% to 137 million, while outbound tourism traffic will increase by 8% to 126 million.
Travelport Worldwide Limited reports fourth quarter and full year 2015 results
02/19/2016|12:49:45 AM|
Travelport Worldwide Limited (NYSE: TVPT) announces its financial results for the fourth quarter and full year ended December 31, 2015. Its net revenue increased by 3% while adjusted EBITDA decreased by 1% and its revenue from Beyond Air grew by 21% in Q4.
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