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.
Travel agencies in China organized 13.72 million outbound visits in the second quarter of 2016, up by 17.32% YoY.
Outbound-tour operator UTour announced its strategic acquisition of a Japanese ground handler to explore the independent travel to Japan.
LN Holdings planned to splurge RMB 3.437 billion to acquire 90.45% shares of GuangZhiLv, 100% stake in both Garden Hotel and China Hotel.
China's Fosun Group, owner of French resort operator Club Med, considers an IPO to help fund expansion in China, its second biggest market for sales.
BuGenTuan announced that it has just received tens of millions of yuan in its series A round from undisclosed investors.
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