Search results for “decline”
Tencent continues reign as China’s most valuable brand, Ctrip ranks 38th with $2,260m
03/21/2017|9:45:31 AM|
Tencent continued its reign as China’s most valuable brand, rising 29% to be the first 100-billion-dollar brand while Ctrip ranked 38th in the Chinese companies with a brand value of USD 2,260 million.
CNTA: Organized outbound trips increase 4.49% in Q4 2016
03/17/2017|10:12:09 AM|
The number of organized outbound visits from China totaled 14.49 million in the fourth quarter of 2016, up by 4.49% YoY. The duration of overseas stays totaled 80.64 million days, an increase of 1.24% from a year ago.
China’s airports break 1 billion mark for annual passenger throughput
02/28/2017|1:59:41 PM|
The passenger throughput of airports in China topped 1 billion in 2016 for the first time, up by 11.1% YoY. The Passenger volume of international flights rose 19.3% YoY to more than 100 million in the year.
Hong Kong receives 10% fewer independent Chinese visitors in June
07/07/2015|6:05:45 PM|
The full impact of the visit pass policy change remains to be seen as independent visitors from China are still traveling on multiple-entry visit pass.
China Eastern widens direct sales plan to international tickets
02/09/2017|3:41:00 PM|
China Eastern Airlines extended the ban on third-party agent ticketing to its international flights on February 6. The Shanghai-based carrier has made 46.8% of the total revenue, or RMB 19.02 billion, from direct sales in the first half of 2016.
Ctrip acquires TangRen World to tap destination ground transport
01/03/2017|9:53:18 AM|
ChinaTravelNews learned from Ctrip that the company has acquired overseas chauffeur service provider TangRen World and will further improve its overseas ground transport management and quality control in the future.
China Eastern Airlines plans to spin off logistics business
12/08/2016|10:58:35 AM|
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.
CYTS revenue drops 1.65% in first three quarters
11/04/2016|2:06:30 PM|
State-owned travel agency CYTS recorded operating revenue of RMB 7.735 billion in first three quarters of 2016, down by 1.65% YoY. Net income was up by 53.15% YoY.
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