Skift estimated Google’s travel business could be worth $100 billion, contributing about 15% to Google’s $650 billion market cap; Google travel revenue in 2016 was expected to be $11.2 billion.
China's digitalization trends and the booming sharing economy have offered a wealth of opportunities for AWP, said the company's CEO for assistance, who is responsible for the Asia-Pacific region.
China's high-speed railway has changed the scale of civil aviation industry, a civil aviation professional said on Thursday.
Chinese outbound tourism has witnessed "explosive growth" in the past 10 years, and the trend is likely to be maintained in the next decade, Ctrip CEO Sun Jie said.
Six months after China stopped group tours to South Korea, some 90 percent of companies catering to Chinese tourists have closed down, according to a tourism association.
The Chinese travelers' growing appetites for free independent travel and share economy are reshaping Australia's tourism industry.
Chinese outbound tourists have evolved into experienced and sophisticated travelers—some 67% of surveyed tourists have traveled more than once last year, visiting an average of 2.3 destinations.
For years, China’s three state-owned airlines kept adding flights on international routes to chase after the expanding middle class. Now, they are slowing that down in favor of the local market.
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