People in China have made about 105 million trips by railway since the holiday travel rush started on September 28, the railway company said on Saturday.
A cooling economy means holidaymakers in the world’s second-largest economy, who spent USD 261 billion overseas last year, have stayed closer to home this year, providing a boon for domestic tour operators.
Chinese carriers are expected to gain a significant share of the estimated $130 billion global in-flight broadband ancillary revenue by 2035.
In January-August, the passenger volume of domestic air routes rose 13.5% to 326 million and the number of passengers carried by international air routes by 5.0% to 36.922 million, according to CAAC.
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.
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