Guangdong-based Nanhu International Travel Agency (NITA) registered 580.14% YoY growth of revenue to RMB 843 million, according to the agency’s half-year financial results published on Oct. 11.
Tongcheng Tourism and Wanda Group jointly announced on October 9 that the two companies plan to merge Wanda’s tourism unit with Tongcheng Tourism.
Caissa Touristic plans to lead E-Life Financial's capital increase by injecting RMB 550 million into the HNA finance unit and acquire tour operator Tiantian Shanglv for RMB 149 million.
CTS Group, a new company formed of the HKCTS-CITS merger, announced in a recent commitment letter that it plans to avoid horizontal competition with its fully-own subsidiary CITS.
Caissa Touristic announced on September 26 that it has lowered its private placement target from the original RMB 8 billion to RMB 7.208 billion.
Hotel distributor GTA has expanded network of services with the acquisition of fellow provider MTS Globe, with a view to growing its beach, city and long-haul destinations.
Tui Group has announced the completion of the sale of Hotelbeds for €1.19 billion to British investor Cinven Capital Management and the Canada Pension Plan Investment Board.
Thomas Cook set up a high-end travel agency with Fosun in a bid to capture a more lucrative slice of China’s booming vacation market.
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