China has risen to the 15th in the latest global tourism competitiveness ranking by World Economic Forum, who ranks 136 countries and regions across 14 dimensions....
Rising wealth across Asia is paving the way for light jet market expansion, with China now having one of the world’s highest concentrations of high-net-worth individuals....
Theme park and tourism group OCT reported annual operating revenue of RMB 35.48 billion in 2016, 10.07% more than previous year. Net income attributable to shareholders rose 48.44% YoY to RMB 6.89 billion....
US-based medical health information firm Patients Beyond Borders estimates between 9.8-14.8 million patients visited overseas hospitals and clinics in 2016. The firm sees a rising market in China....
Revenue from Chinas rural tourism surpassed RMB 570 billion (USD 82.66 billion) in 2016, up significantly from RMB 440 billion a year ago....
Tink Labs, a Hong Kong startup leasing mobile phones to travelers in hotel rooms, is in the process of raising about USD 40 million and aiming for a valuation of more than USD 1 billion, reported Bloomberg....
Switch.CM, a London-based startup specialising in building reservations platforms for the hotel and airline industry, has been sold to flymya.com for USD 600,000....
Japanese e-commerce brand Rakuten is backing fellow Asian web brand MetroResidences with a USD 2.8 million investment....
Egencia has been taking a look at how technology such as artificial intelligence will effect the corporate travel world in the near, medium and long-term....
There is an opportunity for hotels to capitalize on the same four trends fueling Airbnb’s success: personalization, local expertise, location, and technology....