VisitBritain recorded a 33% increase in visits from China during the first nine months of 2017, and the national tourism agency estimates the full-year figure of about 330,000 visits.
CITS posted duty-free sales of RMB 14.9 billion in 2017, up nearly 70% annually. China Duty Free Group contributed close to 40% of CITS' total income in 2017.
The agreement was made in time for the 2018 China-Canada Year of Tourism and followed an expansion of code-share services that was announced by the two airlines last month.
China's biggest LCC eyes more diversified and personalized services in the partnership with Booking.com.
Shanghai International Airport's duty-free shops hold the key for investors to determine if the stock deserves a valuation premium.
Currently, domestic airlines have a say for the BAF on international flights, while they have to comply with the cap of the National Development and Reform Commission for domestic flights.
A stake in Air France-KLM could enable AccorHotels to more readily offer packages and services that combine its expertise in hospitality with aviation.
AirAsia CEO has identified India as one of the main pillars of his pan-Asian dream as he seeks to capture a share of a market dominated by Gulf-based carriers and Air India.
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