China's tourism will remain a magnet for private capital. Direct investment in the sector is projected to jump more than 20% from last year to RMB 1.5 trillion (USD 218.07 billion) this year.
TUI Group’s six-month earnings to the end of March show an increase in not only the proportion of bookings taken online but also its number of customers.
Chinese conglomerate Fosun has raised its stake in Thomas Cook Group to 11%, reported Travelweekly, citing a disclosure file.
User reviews and opinions grew 43% and reached 500 million at March 31, 2017. GAAP Net Income slided 55% to USD 13 million.
TUI Group CEO speaks on growth and innovation in global travel and how China and Europe are coming closer together at ITB China. The firm sees great potential to build a new base in China by its brand, technology, and holiday products.
National Geographic Expeditions announced that it has acquired Global Adrenaline.The transaction is a key part of its overall growth plan for the travel business.
CITS Group posted operating revenue of RMB 22.39 billion in 2016, up by 5.16%. Net profit last year climbed 20.07%. Operating revenue grew 10.54% in the first quarter of 2017 while net profit for the period rose 5.83%.
Chinese tour operator giant Utour Group recorded operating revenue of RMB 10.1 billion in 2016, up 20.71% YoY, while peer HNA-Caissa’s operating revenue of the year grew 34.48% to RMB 6.64 billion.
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