The big three carriers in China may report a combined profit of about RMB 19.5 billion (USD 2.8 billion) for 2016, their best since 2010, projected Bloomberg....
Jin Jiang International Hotels Group reported sales revenue of RMB 17 billion, up by 39.5% YoY. Operating profit amounted to RMB 2.1 billion, 8.0% more than previous year....
Glencore PLC, one of the world’s biggest oil traders, has agreed to sell a majority stake in its petroleum products storage and logistics business for USD 775 million in cash to Chinese conglomerate HNA Group....
More than half of the polled Chinese travelers plan to spend over 10% of annual income on travel in 2017. Some 73% of them set aside a travel budget of more than RMB 10,000 (USD 1,452), and 60% will opt for outbound tours....
WeChat launched a new bid in Europe and US to develop its payments offering and win new advertisers. The Chinese social media and messaging giant will in time expand to travel and broader retail services....
Air China , China Eastern Airlines and China Southern Airlines all missed analyst expectations on Thursday, with their foreign exchange losses totalling RMB 11.04 billion (USD 1.6 billion)....
Hainan Airlines, Alipay and Shareco jointly launched the first inflight online payment in China. Air passengers will be able to make inflight payments via Alipay for cabin upgrades, shopping and other online purchases....
Airbnb is quickly carving a place for itself in the managed travel space. Now, Airbnb has tapped an executive from within the corporate travel industry to lead its business travel department....
Email marketing remains extremely relevant and cost-effective. It has become the best permission-based outbound tool in your marketing kit, hands down....
Corporate consolidation in the home-swapping market this week as GuesttoGuest acquires rival brand HomeExchange....