Over 10,000 pre-scheduled appointments between exhibitors and hosted Chinese buyers secured prior to the show – Partner destination Europe – travel leaders to share latest ideas at ITB China Conference....
China’s airlines carried 436.34 million passengers on domestic routes in 2016, up by 10.7% YoY. Passengers on international routes rose 22.7% to 51.62 million last year....
Chinese conglomerate Fosun has raised its stake in Thomas Cook Group to 11%, reported Travelweekly, citing a disclosure file....
Ctrip, Chinas biggest trip-booking website, is among suitors weighing bids for German media giant ProSiebenSat.1 Media SE’s Sweden-based online travel unit, according to a Bloomberg report....
AirAsia has signed a memorandum of understanding (MoU) with Everbright Group and Henan Government Working Group to establish a low-cost carrier (LCC) in China....
China’s dominant OTA Ctrip is searching for new acquisition targets, despite tougher capital controls enforced by Beijing last fall....
Chinas industrial conglomerate HNA Group is in talks to acquire the Olympia exhibition center in west London from Capital Counties Properties (CapCo), according to a Bloomberg report....
Irish travel tech firm OpenJaw is embarking on an ambitious expansion plan to double its workforce to 450 and boost annual revenues to more than €40 million over the next three years, reported local newspaper Independent....
BTG Hotels saw net profit in 2016 surge 110.66% YoY to RMB 210 million. Most of the company’s hotels are in the budget range, and only 9.32% hotels in upper midscale category....
Chinese outbound travel agency Phoenix Travel announced that it has made a strategic investment in Grandcity Travel, an Australia-registered firm with local bus fleets and Chinese-speaking tour guides....