Huaxue Zoo told 36Kr that iSNOW has so far served more than 100 ski resorts and ice rinks, and expects to provide services to 50-100 more customers in 2018, increasing the total number to 200.
Accommodation reservation revenue increased 23% in the first quarter, packaged-tour revenue rose 18% and corporate travel revenue climbed 25%. Transportation ticketing revenue remained flat.
Insiders believe that the issuance of the first tourism ABS product reflects Ctrip and other overseas listed companies’ optimism in embracing the Chinese capital market.
Trekksoft provides software system for tours and activities suppliers, alongside the TrekkPay payment platform, TrekkConnect channel manager tool and Myobis system.
China Lodging Group revised upwards the full year net revenues growth estimate from 16%-19% to 18%-22%. In the second quarter of 2018, and expects net revenues to grow 24%-26% year-over-year.
In 2018, Shi Lily plans to open its first resort hotel with more than 100 rooms in Dali, Yunnan Province, and to launch over 30 hotels across China.
A bigger presence in North America would complement Club Med and Fosun’s tourism portfolio.
An insider suspects that Wanda is selling part of its stake in Tongcheng-eLong to Overseas Chinese Town (Asia) at an overall valuation of 23 billion yuan.
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