Almost 50% of hotel rooms will be unoccupied during Lunar New Year month.
The B2B2C approach helps hotels to increase revenue and guest satisfaction, and make travelers spend more time in hotel.
During the Chinese New Year holiday, 20,677 flights will serve routes between China and Thailand, an increase of 6% over last year’s festive season.
The EU would focus on attracting more Chinese travelers to lesser known destinations, and traveling outside the high season, said Elzbieta Bienkowska, EU Commissioner.
Around 280 million train tickets have been sold on 12306.cn since January 3, 2018 when tickets for the Spring Festival holiday started selling.
China updated its list of "sensitive sectors" on February 11 for outbound investment in properties, hotels, cinemas, entertainment, sports clubs and equity investment funds.
Last year, the scale of the Chinese winter sports industry reached 397 billion 60.17 billion and is expected to hit 600 billion yuan in 2020 and reach 1 trillion yuan in 2025.
China’s international tourists spend around $161 billion a year on travel, and as this number grows, so an increasing number of economies worldwide will remain eager to capture their share.
Duetto has closed an $80 million Series D round in funding, the round was led by funds affiliated with private equity firm Warburg Pincus.
User reviews and opinions grew 29% year-over-year and reached 600 million at December 31, 2017. Q4 revenue totaled $321 million, up 2%; and full year revenue reported $1556 million, up 5%.
TUI’s ongoing digital transformation has created the infrastructure for “destination services” – as in tours, activities and transfers – to become a designated strategic growth area for the business.
Outdoorsy offers the largest bookable inventory of RVs worldwide, creating what it calls a “third lodging category” of mobile rooms as an alternative to hotels and home-sharing.
Travelport reported net revenue increased 4% to $2,447 million, including Travel Commerce Platform revenue growth of 5% to $2,341 million.
A main reason for the omnipresence of Netflix is the technology’s ability to personalize recommendations to viewers.
Expedia spent a record $5.3 billion on marketing in 2017, more than half of the entire group's revenue (52.7%), mainly due to its ramping up of performan marking.
This type of shared, decentralized system will allow users to access inventory and track transactions in near real-time and to settle payments without the need for a third-party fund manager.
ChinaTravelNews is a wholly owned subsidiary of
©2017 TravelDaily Inc.